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Assuming unrealised is required, and capital is required, and gains is required, the following 31 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. $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...

  3. $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...

  4. $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...

  5. $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...

  6. 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...

  7. 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...

  8. 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...

  9. 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

  10. Coalition would reverse Div 296 tax: Howarth

    basically just need the Greens to support them, and they're all in on this. They [the Greens] don't mind taxing unrealised capital gains and taxing people more. They also want to lower the threshold and make it retrospective.” He continued that if the...

  11. Farmers, small business ‘to bear brunt of $3m super tax’

    business communities” were most likely to be adversely affected by the proposed legislation thanks to its tax on unrealised capital gains. In its submission on the Division 296 measure, which adds an extra 15 per cent tax on total super balances (TSBs)...

  12. 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...

  13. 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...

  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. Independent MPs demand urgent changes to $3m super tax reforms

    for the $3 million superannuation tax. Eight independent MPs have united to oppose the "egregious proposal" to tax unrealised capital gains as part of the government's Better Targeted Superannuation Concessions and Other Measures bill. The bill,...

  16. Joint bodies fight for crucial changes to $3m super tax bill

    issues before the bill is legislated. The joint bodies have previously expressed concerns about the taxation of unrealised capital gains under the measure due to the proposed calculation for the new tax and the absence of indexation. “The calculations...

  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. Main residence exemption myths and misconceptions

    The surge in the residential property market continues to attract buyers and sellers, many involving the family home. This article considers the common myths and misconceptions when it comes to being eligible for the main residence exemption. When it...

  19. Senate committee gives $3m super tax bill the green light

    to be responsible for setting this threshold, which is a common feature of the tax system." On the taxation of unrealised capital gains, the committee stated it understands views shared by inquiry participants but believes, on the balance of evidence,...

  20. SMSFA urges Senate crossbench to halt ‘flawed’ super tax bill

    superannuation trustees have a legislative obligation to keep sufficient liquidity and therefore the taxation of unrealised capital gains should not be a liquidity concern lacks commercial realism. “It is completely unreasonable to expect trustees, when...

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