International tax & business Superannuation Income tax

Tax considerations relevant to investments by super funds

Source: New South Wales

Published Date: 29 Aug 2013

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

The tax payable by funds on different types of investment income can be a vital consideration in the due diligence undertaken prior to either making investmentsor in restructuring the manner in which particular investments are held. The Stronger Super legislation now requires that trustees consider tax in both setting and giving effect to a fund’s investment strategy, and that trustees must have regard to the taxation consequences when giving instructions in mandates to investment managers.

This paper covers:??

  • the broader Investment Governance framework, and particularly where tax fits inrelation to this
  • ??key Australian tax considerations such as franking, CGT discount, foreign income tax offsets, revenue versus capital treatment, tax deferred distributions??
  • potential issues that can arise from changes in how investments are held, eg changing from holding particular investments through a direct mandate to holding these through an Australian unit trust, and vice versa??
  • specific issues for investments held by funds on behalf of pension versus accumulation members??
  • specific issues for foreign investments, both Australian implications and foreign implications, including consideration of some of the more common structures for these investments (eg LPs, LLCs, SICARs) and some of the specific compliance issues (eg the potential requirement for filing in foreign jurisdictions)?? 
  • the use of wholly owned Australian trust entities to hold particular investments.

Individual Session

Tax considerations relevant to investments by super funds

Author(s): Marco Feltrin , Philip Witherow

Details

  • Published By: Marco Feltrin
  • Published On:29 Aug 2013
  • Took place at:Sheraton on the Park, Sydney

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

International tax & business Superannuation Income tax 2013

Share this page