Industry calls for bipartisan commitment to rule out taxation of unrealised gains
With the election campaign entering its final stages, a coalition of leading industry associations is calling on the Prime Minister and the Opposition Leader...
Division 296 Tax: Masterclass top 5 questions
The government may have proposed it as a "modest" change to the super system, but the effects will be far reaching. For advisers dealing with this latest...
Upfront advice tax deductibility bid fails, but silver linings prevail
The ATO has dug its heels in, and is firm in its belief that upfront advice should remain classed as capital expenditure. But the FAAA did gain a significant...
Time to get proactive on $3M super tax changes strategies: KeyInvest
The new rules around superannuation balances over $3 million have many searching for ways to mitigate the impact. The tax advantages of investment bonds may...
Investment bonds easing financial stress for tax-savvy consumers
There may be some caveats, but investment bonds can serve as a tax efficient investment vehicle. This is especially so when planning for life events like...
ATO gets serious about data, warns taxpayers against income mismatches
The Australian Taxation Office has extended its data collection to more rigorously check numbers in FY23 tax returns and cut down on tax cheats. Advisers and...
High tax-payers set to gain max benefit from investment bonds: Foresters
For the right investor, investment bonds can provide a seriously beneficial after-tax return according to Foresters Financial chief executive Emma Sakellaris.
Reprieve in sight for franked distributions funded by capital raisings
Stakeholders have welcomed a recommendation from the Senate Economics Legislative Committee that the government review its controversial plan to limit franking...
Upfront advice tax deductibility a possibility mid-2023 after four years of consultation
Back in 2019, then-FPA CEO Dante De Gori and Tangelo Advice Consulting's Conrad Travers engaged the ATO to see if it would be open to updating guidance on the...
Tax deductibility review a ray of hope for adviser community
Advisers are rallying around the prospect of upfront advice fees becoming tax deductible after the ATO announced a review of Tax Determination 95/60.
Proposed changes to off-market share buybacks rile franking system advocates
Treasury has released for public consultation draft legislation aimed at closing a tax loophole for off-market share buybacks, prompting renewed fears over the...