News : Division 296

Division 296, Legislation, SMSFA, Tax

Chalmers digs in on Div 296 calculation

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

The Treasurer has indicated he is currently not prepared to consider any other calculation methods for the revised Division 296 tax legislation.

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Compliance, Division 296, Legislation, Regulation, Tax

Avoid Div 296 reduction strategies

The Division 296 tax liabilities are unlikely to be significant enough to justify deliberate efforts to avoid the applicable threshold.

The Division 296 tax liabilities are unlikely to be significant enough to justify deliberate efforts to avoid the applicable threshold.

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Division 296, SMSF, Superannuation, Tax

Div 296 will still segregate tax bills

The treatment of capital gains under the Division 296 impost will not change, with individuals unable to offset personal tax with that paid by their fund.

The treatment of capital gains under the Division 296 impost will not change, with individuals unable to offset personal tax with that paid by their fund.

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Compliance, Division 296, Legislation, Tax

Fancy doing that

The government announcement indicating the Division 296 tax measure has been changed represents a huge policy backflip.

The government announcement indicating the Division 296 tax measure has been changed represents a huge policy backflip.

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Compliance, Division 296, Investments, Legislation, Tax

Revised tax may change asset choice

Changes to the Division 296 tax may make high-growth assets more attractive over income-producing investments for SMSF members.

Changes to the Division 296 tax may make high-growth assets more attractive over income-producing investments for SMSF members.

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Division 296, Legislation, Tax

Further endorsement for Div 296 move

The government’s changes to the proposed Division 296 tax have received support from two more organisations that opposed the original measure.

The government’s changes to the proposed Division 296 tax have received support from two more organisations that opposed the original measure.

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Division 296, Legislation, Superannuation, Tax

New Div 296 issues emerge

While changes to the Division 296 tax have been welcomed, the shift has raised new questions on its altered operation and application.

While changes to the Division 296 tax have been welcomed, the shift has raised new questions on its altered operation and application.

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Division 296, Superannuation, Tax

Two significant Div 296 victories

The SMSF Association has expressed its relief over the changes to the Division 296 tax, especially those regarding the calculation of the impost.

The SMSF Association has expressed its relief over the changes to the Division 296 tax, especially those regarding the calculation of the impost.

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Division 296, Superannuation, Tax

Revised impost creates multi-tax system

Three levels of tax will apply to earnings in super if revisions to the Division 296 measure are adopted and enacted.

Three levels of tax will apply to earnings in super if revisions to the Division 296 measure are adopted and enacted.

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Division 296, Superannuation, Tax

Accountants united in support for changes

The three major accounting bodies have backed the changes to the Division 296 tax and have called for it to be implemented quickly.

The three major accounting bodies have backed the changes to the Division 296 tax and have called for it to be implemented quickly.

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