James Hardie wins Australian capital gains tax battle.The article discusses a court case wherein the Australian High Court ruled that building manufacturer James Hardie did not owe capital tax gains as a result of a 1998 restructuring. The court has refused an application by the Australian Tax ...
The Australian capital gains tax main residence exemption: firm foundations or flaky footings?Davies, GlennEvans, ChriseJournal of Tax Research
Topic 6 Capital Gains Tax (CGT) 1. The net capital gain is assessable under s. 102-5(1). 2. Meaning of CGT asset S. 108-5(2): a. Part of, or an interest in, any kind of property or legal right. b. Goodwill c. An interest in an asset of a partnership. d. Partnership in...
Capital districts and territories capital expenditure capital flight capital gain capital gains tax capital goods capital letter capital levy capital loss Capital manse capital market capital of Afghanistan capital of Alabama capital of Alaska capital of Antigua and Barbuda ...
2009 Australian federal budget.This article discusses some tax changes proposed in the 2009 budget announced by the Australian treasurer. The changes include elective capital gains tax treatment for gains and losses made on the disposal of investment assets by managed investment trusts and the ...
Foreign residents that have assets connected to Australian land may have a greater exposure to capital gains tax. CA Library - Federal Budget Reading List A curated list of leading reporting and analysis of the 2024-2025 Federal Budget across the network. Find out more AU Tax Community A space...
Explanations for the North American discount have included higher taxes on dividends than on capital gains, but this explanation begs questions of marginal transaction costs, time lags embedded in arbitrage and the fact that the tax positions of Australian shareholders are more complex than a simple ...
We offer Australian Expats assistance with repatriation planning including investments, tax & super advice. Over the last few years the government has been implementing rules which could drastically affect Expats Assets base if no action is taken. Some latest issues include include Capital Gains Tax,...
tax offset for early stage investments up to a total investment value of$200,000, and capital gains tax exemptions for direct and indirect investments held for at least three years. It has also created a Fintech Advisory group committed to simplifying and creating new regulations to help Fin...
aIncome received by individuals is taxed at progressive rates, while income derived by companies is taxed at a flat rate of 30%. Generally, capital gains are only subject to tax at the time the gain is realised. Income tax is collected by the Australian Taxation Office for the Government of...