Superannuation Offers Good Opportunity to Reduce Capital Gains Tax
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.You must also be mindful that capital gains can be offset against capital losses when calculating...
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...
salaries; oncosts (pensions superannuation, National Insurance, etc.) ■ travel, subsistence ■ training Premises ■ heat, light, rates, water, maintenance, rent ■ furniture, cleaning ■ telephones, computer maintenance Central charges (your contribution to services provided by the organisation, but...
[387] GST rollover for merging superannuation entities.(capital gains tax)(Brief Article)Carey, Annamaria