2015

CGT Discount for Non Residents: More complex than you think

Source: New South Wales

Published Date: 13 Oct 2015

 
It has been 2 years since legislation was introduced removing the 50% CGT discount for foreign and temporary residents. While the principles underlying the new measures appear straightforward, applying them can be complex and may deliver unintended consequences, resulting in significant additional compliance costs.

This event provided an overview of how the new measures operate, identify issues taxpayers should consider and provide some suggestions on how taxpayers can mitigate the risk of any unwanted tax outcomes. The event specifically addresses how the rules apply to foreign or temporary residents who own an interest in taxable Australian property through trusts.

Tax update

Author(s): Lisa Oddo
Materials from this session:

CGT Discount for nonresidents: More complex than you think

Author(s): Alexander King

Details

  • Published On:13 Oct 2015
  • Took place at:NAB, Sydney

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

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

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

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