Superannuation Offers Good Opportunity to Reduce Capital Gains Tax
While you need to include all capital gains in your tax return for the year you sell the shares, a discount applies for longer-term investments. Investments held for more than 12 months are only taxed on half of the capital gain. This is known as thecapital gains tax (CGT) discount....
A new capital gains withholding tax regime came into effect on 1 July 2016. Under the Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016, purchasers of certain Australian assets from a "foreign resident" will be required to withhold and remit 10% of the total consideration...
in grades 3–8, and they find that gains are larger for students in the lower end of the achievement distribution. Using a modified RD approach, they find that bond passage raises scores by 0.06SDsafter 6 years. Looking directly at the openings of new schools, they find gains of 0.1 SDs...
Earlier this month, CC Capital Partners had upped the ante with a rival bid, seeking to gain a foothold in Australia's lucrative A$4.1 trillion superannuation system, a prize that has driven the intense bidding competition between the two suitors. ...
Andreou agrees that for clients who already had more than $1.6 million in their super as at July 1, 2017, keeping the money in superannuation still remained the best option. Any balance over $1.6 million transferred to the accumulation phase will still be eligible for the capital gains tax ...
Sutton, DavidKhaghaany, MaithmAustralian Tax Forum
UNFORTUNATELY there is a general misconception about the relationship between capital gains tax and superannuation. There is still a common belief that you can minimise capital gains tax by rolling the proceeds of the sale of an asset into super....
[387] GST rollover for merging superannuation entities.(capital gains tax)(Brief Article)Carey, Annamaria