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

  1. Practical scenarios demonstrate dire consequences of Div 296 tax, auditor warns

    The taxation of unrealised gains following the introduction of Division 296 tax will pose severe financial risks for more volatile investments, a specialist auditor has cautioned. With the bill to implement the Division 296 tax expected to be debated...

  2. ‘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...

  3. ‘Common sense’: Government bows to super tax pressure

    campaigning against it. At a press conference yesterday (13 October), Treasurer Jim Chalmers announced that taxing unrealised capital gains would be abandoned, the low-income superannuation tax offset (LISTO) would be increased and the details of the...

  4. $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...

  5. $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...

  6. $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...

  7. $3m super tax will thump thousands of SMSF members with $80k bill

    analytics Professor Ralf Zurbrugg said the liquidity stress in the findings was exacerbated by the inclusion of unrealised capital gains in the measurement of earnings. “Taxing unrealised capital gains is a somewhat radical departure from existing tax...

  8. $95bn loss predicted to Australian economy if Div 296 passes: analysis

    Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division 296 tax gets over the line. A discussion paper from Wilson Asset Management on the proposal by...

  9. 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,...

  10. Altered super tax proposal brings ‘waves of relief’ for professionals

    to the contentious Div 296 tax proposal. The most notable changes made included the scrapping of the tax on unrealised capital gains and indexation of the $3 million threshold, as well as an increase to the low-income superannuation tax offset (LISTO)....

  11. Alternative super tax proposal now in the hands of government

    An alternative Division 296 proposal has landed with the Prime Minister’s office as a rebuttal to claims that there are no better options. Former Westpac director of pricing, Kerry Gore, formulated the proposal, prompted by remarks that Prime Minister...

  12. ASFA’s land tax analogy and Div 296 ‘falls short’: industry leader

    concerns. SMSF members with appreciating property values may now be hit with both annual land tax and a tax on unrealised capital gains. If the fund lacks liquidity to cover these taxes, trustees may need to pay out of pocket — an option not always...

  13. Auditor rallies younger members to fight against $3m super tax

    the proposed changes, which will double the tax rate for earnings on super balances above $3 million and tax unrealised capital gains, highlighting Ms Randeria’s concerns. “These measures will fundamentally change what is one of the best superannuation...

  14. 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...

  15. Budget forecast for super tax ‘litmus test’ for unrealised gains

    If the government sticks to its $2 billion revenue projection, then investors will move funds out of super, says SMSF Association. The SMSF sector will be watching the budget closely next week to see if the proposed super tax will produce $2 billion...

  16. 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...

  17. 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...

  18. 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...

  19. Coalition ‘dead against’ Div 296, ASFA ‘not as concerned’

    of this nation, if we have a Dutton-led national government, we are dead against it,” Taylor said. “I mean taxing unrealised capital gains, give me a break. They are unrealised, that's the point. So, how do you pay tax on an unrealised gain? You realise...

  20. 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
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