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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. 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...

  3. 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...

  4. SMSFA urges Senate to reject super tax legislation

    since this tax proposal was first mooted in early 2023, it seems determined to press ahead with the taxation of unrealised capital gains that will be disastrous for thousands of primary producers and small and family businesses who will be impacted.”...

  5. 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...

  6. 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,...

  7. 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...

  8. 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...

  9. 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,...

  10. 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

  11. $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...

  12. $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...

  13. 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...

  14. 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),...

  15. 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...

  16. 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...

  17. $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...

  18. 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...

  19. 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...

  20. 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)...

Results 1 - 20 of 31
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