Gaining on the CGT

Article Abstract:

There are strategies taxpayers can use to reduce their capital gains tax (CGT) bill, such as delaying the sale of assets, realizing losses sooner rather than later, and realizing gains in a year when their taxable income is low. High-income investors can benefit by placing asset ownership in an entity subject to a lower CGT. The annual revenue from the CGT is over $1 bil.

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Back to the drawing board

Article Abstract:

This article examines the probable effect of Australia's impending Ralph report on tax reform on investments in retirement funds. Relevant points include the need for trustees to adjust investment strategies away from tax-preferred capital gains and in favor of interest or rent.

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A late hit

Article Abstract:

Issues are presented concerning the effect of the superannuation surcharge on the taxation of high-income earners. The unpopularity of an additional 15% maximum superannuation tax rate and the income it generates for the government are discussed.

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