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Assuming unrealised is required, and capital is required, and gains is required, the following 71 results were found.

  1. Greens in discussions with Labor over Div 296 tax

    of the deal. However, the Treasurer stated on Wednesday that Labor intended to proceed with its plans to tax unrealised capital gains. “The unrealised capital gains calculation was recommended to us by Treasury. We provided years of opportunities for...

  2. Why safety-first budget yields bonanza of questions

    through the design of how the additional tax will apply to defined benefit fund interests. The proposal to tax unrealised capital gains which will form part of “earnings” would set a worrying precedent for our tax system. The Tax Institute’s position is...

  3. Coalition will oppose increase to sophisticated investor thresholds: Senator Hume

    oppose it for its consequences for younger Australians.” Moreover, Hume criticised Labor's proposed taxation of unrealised capital gains, labelling it as unprecedented and likely to deter investment in certain asset classes. “We know self-managed super...

    • Type: Article
    • Author: Maja Garaca Djurdjevic
    • Category: Business

  4. Super tax changes and SMSFs

    is that the tax will only be calculated on income, and not assets. Initially the government had planned to tax unrealised capital gains but this aspect of the proposal has fortunately not made it into the final legislation. Instead, SMSFs can opt in to...

  5. Why 2023 was a year of living taxingly

    In the first of a two-part series, Robyn Jacobson looks at some of the sweeping changes and landmark decisions. The end of another working year provides an opportunity to relax over the festive break, reflect on the events of the year and regroup ahead...

  6. What accountants should look out for in the budget

    But, in the context of superannuation, the government recently tried to pass legislation involving tax on unrealised capital gains. This is not only economically questionable but would be hugely disruptive to many individuals and businesses. Watch out...

    • Type: Article
    • Author: Richard Holden, CAANZ
    • Category: Business

  7. 2024: The year in review

    Reflecting on the major tax developments of 2024 and looking ahead to 2025. Against the backdrop of an unsettling and challenging year due to cost-of-living pressures, the impact of 13 interest rate rises in 15 months and global geo-political tensions,...

  8. $3m super tax to ‘disrupt’ small business and farmers, warns SMSFA

    broader community,” he said. The SMSF Association warned that this problem is only likely to worsen over time, as unrealised capital gains accrue while tax payments from previous years diminish liquidity. “While affected members will have the option of...

  9. Year end wrap 2025

    EOFY tax and superannuation issues explained. As the end of the financial year (EOFY) approaches, it is essential practitioners are across the latest tax and superannuation measures when considering their clients’ affairs to ensure they are best...

  10. SMSFA calls for urgent action on flawed super tax amid growing panic selling

    said a critical flaw in the proposed tax is its calculation of investment earnings, which inexplicably includes unrealised capital gains — penalising SMSF members for paper profits that may never materialise. “No one disputes Treasury’s desire for a...

  11. Continued uncertainty following pre-election budget

    Little certainty on budget measures leading into an election. What else could we have expected? The federal budget 2024–25 was delivered by Treasurer Jim Chalmers on 25 March 2025, just days out from the 3 May election being called by Prime Minister...

  12. Bumper part 2: what to look out for in 2026

    Accountants need to stay informed about 2026 tax and superannuation changes, plus developments in generative AI. This article is the second in a two-part series that reflects on the major developments that have shaped the tax and superannuation...

  13. Div 296 now a matter of when, not if

    pass legislation,” he said. “We will continue to alert the government and the Greens to the consequences of taxing unrealised capital gains and will continue to encourage the government to consult with industry on alternatives.” Aaron Dunn, chief...

  14. IFPA calls for sweeping changes to Division 296 tax

    that Division 296 should not be legislated in its current form. The IFPA has urged the government to remove unrealised capital gains from the calculation of earnings and use actual taxable income and earnings as a measure of earnings. IFPA head of...

  15. ‘A taxpayer-subsidised inheritance scheme:’ Policy analysts slam super tax concessions

    requirements. Furthermore, as taxation academic Miranda Stewart wrote for The Australian Financial Review, unrealised capital gains were still real additions to wealth in super funds. For example, a super death benefit would be calculated based on this...

  16. CA ANZ proposes simpler solutions to $3m super tax

    The government should consider simpler and more effective solutions to the current policy proposal for the $3 million super tax, says CA ANZ. CA ANZ has outlined that while it remains opposed to imposing an additional tax on earnings for member...

  17. Labor’s tax policy to spur SMSF structuring rethink

    Accountants servicing SMSF clients may have to rethink their approach to structuring funds if Labor’s plans for the removal of excess dividend imputation credits kick in, a lawyer predicts. Speaking in a seminar, DBA Lawyers senior associate William...

  18. Revised Div 296 bill passes lower house

    some of the more controversial elements of its previous bill in the new legislation, such as the taxation of unrealised capital gains and the absence of any indexation for the thresholds. The new version of the bill contains a different calculation for...

  19. Give $3m-plus super balances free rein to restructure: NTAA

    15 per cent additional tax.” In common with other critics, the NTAA also highlighted that the tax would apply to unrealised capital gains which was: Inconsistent with the existing tax law. A negation of the general CGT discount. Creating a tax liability...

  20. $3m super tax likely to progress ‘warts and all’, IPA warns

    The submission also reiterated many of the concerns previously raised by the associations that the policy will tax unrealised capital gains which is inconsistent with Australia’s tax regime. “Our modelling indicates that it would be difficult to predict...

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