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

  1. 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...

  2. With $3m super tax ‘the house always wins’

    The proposed method for taxing super balances above $3 million will generate problems because it treats income and unrealised capital gains equally, says IPA general manager, Tony Greco. He said it also failed to apply the CGT discount to unrealised...

  3. 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...

  4. Why Division 296 sets a stressful precedent

    In imposing a levy on unrealised gains, the $3 million super tax bucks basic principles. We are in the throes of a significant change to the taxation of superannuation as we await the next stage of the policy design. On 28 February, the government...

  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. 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,...

  8. Unrealised capital gains are already taxed in Australia, claims minister

    Assistant Treasurer Stephen Jones has claimed it is “simply not true” that unrealised capital gains are not taxed anywhere else in the world. Minister Jones was speaking in response to amendments put forward on Wednesday by independent member for...

  9. Uncertainty around CGT exemptions

    While the small business capital gains tax exemptions are seemingly unaffected by the proposed budget changes, according to Challenger’s Jeremy Cooper, there are some areas of uncertainty. Speaking at event hosted by Spring Financial Group, Mr Cooper,...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Tax

  10. 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...

  11. Treasurer’s claims about Div 296 ‘farcical’, industry bodies say

    the bill’s design flaws since it was announced in 2023. “We are particularly concerned about the taxing of unrealised capital gains and the precedent this would set. As a result, CA ANZ has participated in every consultation opportunity available, which...

  12. 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...

  13. Treasurer claims ‘no alternative’ to taxing unrealised capital gains

    losses, defined benefit pensions to be valued annually, the ATO to undertake complex calculation of earnings and unrealised capital gains to be included, once again illustrates the absences of any genuine consultation with industry.” He added that on...

  14. The windfall gains tax – plunder or taxation?

    The WGT does not require any “dutiable transaction” for the liability to arise, and therefore effectively taxes unrealised capital gains. Many landowners are unlikely to be able to pay the WGT when it arises. This is particularly the case where the...

  15. 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),...

  16. Tax reform agenda eyeing other structures: auditor

    wall” for the government to move on taxing other structures, with the Treasurer’s refusal to reconsider the tax on unrealised capital gains or increase GST, a leading auditor has said. Naz Randeria, director of Reliance Auditing Services, has long been...

  17. Tax on unrealised gains in super ‘a dangerous precedent’

    The concept proposed under Labor’s $3 million threshold has sparked fears the same approach could be adopted for other types of entities. The idea of taxing unrealised gains under an earnings tax calculation is a unique concept for Australia and...

  18. Tax Institute urges government to scrap Div 296, review NALI

    to address various other concerning elements of the measure, including specifically addressing the taxation of unrealised capital gains in SMSFs and the inability to carry unrealised losses back to be applied against previously taxed unrealised gains,”...

  19. Super tax will haunt government: Spender

    radar.” Spender said she was most passionate about the tech and start-up sectors regarding the impact of taxing unrealised capital gains. She said she believes the government “genuinely wants to pursue a high productivity”, but the Division 296 tax will...

  20. Super tax increase ‘raises retrospective CGT issues’

    Labor’s move to double tax on balance earnings above $3 million throws up a problem with unrealised capital gains. The government should provide CGT relief for those impacted by the $3 million superannuation threshold to prevent capital gains being...

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