Tax cloud hangs over LICs

Article Abstract:

A recent draft Australian Taxation Office ruling raises doubts relating to the taxation of returns from Listed Investment Companies, which give investors access to diversified share portfolios. The new ruling is likely to remove the concession of 50% capital gains discount that these companies were able to pass on to their investors. Consequently, these companies will almost be at par with other managed funds.

Financial management, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Investor relations, Australia. Australian Taxation Office, Capital gains

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Not a straight and narrow game

Article Abstract:

The changes in regulations regarding the do-it-yourself retirement funds in Australia are discussed. The issues like taxation of funds and lifetime pension benefits are also discussed.

Strategy & planning, Management dynamics, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Retirement Benefits, Management, Planning, Company business management, Company business planning

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Tax office's time in the sun

Article Abstract:

The tax office generally scrutinizes heavy claims related to holiday home rentals. It is important to understand what can or cannot be claimed on rented holiday homes.

Rental housing, Actions and defenses, Litigation, Lawsuit/litigation, License lawsuit, Actions and defences

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