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

  1. Treasury opens consultation for Div 296 just in time for Christmas

    Treasury has opened consultation for its amended Division 296 super tax bill period just in time for the holiday season, giving stakeholders until 16 January to respond with feedback. Last Friday (19 December), Treasurer Jim Chalmers released updated...

  2. Voluntary liquidations likely to spike post-passage of CGT reforms, partner says

    company still serves a genuine, commercial purpose; whether it holds pre-20 September 1985 assets or significant unrealised capital gains; whether the structure is likely to operate as intended under the reforms; whether there is any retained profits,...

  3. CA ANZ pushes for government to scrap super tax concessions policy

    design of this proposed legislation, including the lack of indexation of the $3 million cap, the taxation of unrealised capital gains and the carried forward allowance of capital losses,” she said. “There are major design flaws with this proposed...

  4. The curious case of Mrs Bowerman

    A recent AAT decision has examined the threshold test in the Myer Principle and how it relates to the acquisition of a private residence acquired for a ‘profit-making purpose’. In a recent decision by the Administrative Appeals Tribunal (the Tribunal),...

  5. $3m super tax ‘will be devastating to farmers’

    found the effect of the tax would be as unpredictable as farming itself. “Our own modelling shows that by taxing unrealised capital gains, a member’s tax liability could vary dramatically from one year to the next making liquidity management extremely...

  6. Budget backflip on testamentary trusts not all that it seems

    for the passage of the truly intended changes. Certainly, following the hugely controversial proposal to tax unrealised capital gains, the lobbying to prevent that one aspect of the attack on self-funded retirees, meant that few (if any) of the aspects...

  7. Treasurer going against department advice if Div 296 backdated

    being put forward, that this could change.” Burgess continued that not only are the taxing paper profits in unrealised capital gains unprecedented in Australia, but so is ignoring the advice of Treasury if that is the course the government chooses to...

  8. Div 296 unlikely to enter parliament in first sitting fortnight

    maintained that Labor’s intention is to “legislate the package that we proposed more than two years ago”. “The unrealised capital gains calculation was recommended to us by Treasury. We provided years of opportunities for people to suggest different...

  9. Lowering Div 296 to $2m will impact 1.8m: analysis

    ATO and reveals 47,860 people aged between 55 and 59 will pay 30 per cent total tax on their super earnings and unrealised capital gains if the threshold is lowered. Additionally, nearly 800,000 people under 30 years old would also be impacted by the...

  10. FSC pushes for systemic tax reform ahead of election

    The Financial Services Council is calling for lower corporate tax rates and for the composition of Australia’s taxes to be rebalanced. The Financial Services Council (FSC) is urging the government to reduce and streamline regulation, improve the...

  11. Government’s super tax reforms ‘modestly’ reduce tax concessions: Assistant Treasurer

    with excessively large superannuation balances and the solution, which is currently before parliament that taxes unrealised capital gains, is not the answer.” Super concessions to exceed age pension On Tuesday, Minister Jones said the cost of...

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