copy and paste this google map to your website or blog!
Press copy button and paste into your blog or website.
(Please switch to 'HTML' mode when posting into your blog. Examples: WordPress Example, Blogger Example)
Superannuation contributions - transferring lot of shares into a Super . . . The method to claim the distribution is: I transfer the lot of shares into my SMSF and then I submit the intent to claim the deduction ( Notice of intent to claim or vary a deduction for personal super contributions (NAT 71121) ) in the year I will claim the deduction
G, M and A Capital gains tax questions - Australian Taxation Office An Australian super fund makes a capital gain or capital loss if a CGT event happens to any of its worldwide CGT assets An SMSF that is not an Australian super fund makes a capital gain or capital loss if a CGT event happens to a CGT asset that is a taxable Australian property For more information about CGT events, see Capital gains tax
When CGT applies to shares and units - Australian Taxation Office When CGT applies Selling your shares or units is the most common CGT event, but there are others A CGT event may occur if you: redeem units in a managed fund by switching them from one fund to another make an in specie transfer accept an offer from a company to buy back your shares receive a distribution (other than a dividend) from a unit trust or managed fund receive non-assessable payments
RE: Self-managed Super Fund and Capital Gains Tax Sorry to disturb you again, Bruce, but is it correct that since my wife and I are both retired, and any SMSF we set up will be in full pension phase, after we pay our CGT liability for the disposal of the asset to our SMSF, we will no longer be liable for paying tax on either the SMSF or the money we take from it to live on? Thank you
CGT events - Australian Taxation Office What is a CGT event? When you dispose of an asset that is subject to capital gains tax (CGT), it is called a CGT event This is the point at which you make a capital gain or loss Common disposals that will trigger a CGT event include: selling an asset trading, exchanging or swapping assets loss or destruction of an asset or creating contractual or other rights (this is known as an involuntary
Running a self-managed super fund - Australian Taxation Office Your SMSF’s assessable income includes net capital gains unless the asset is a segregated current pension asset Complying SMSFs are eligible for a capital gains tax (CGT) discount of one-third if the asset had been owned for at least 12 months
Exempt current pension income - Australian Taxation Office The SMSF's capital gains less any capital losses equals the net capital gain The net capital gain is added to the SMSF's other assessable income before working out how much is tax exempt, as per the actuarial calculation for the relevant year Funds using the proportionate method need an actuarial certificate for each year they claim ECPI
How do I calculate CGT on shares received as part of a Distribution in . . . Hi there, I received Woodside Energy shares (WDS) from BHP in June 2022 as part of a merger These shares were classified as "Allotment of Securities due to a Distribution in Specie" in the CHESS Holding Statement, and were distributed at a price of $29 76 I sold them in July 2023 for $34 50 How do I calculate capital gains tax on this sale? Can I use $29 76 as the cost basis, even though I