Published on 01 Apr 12
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
This article discusses the recommendations of the Henry Review for the taxation of personal savings in Australia’s tax system. It examines the Review’s approach to defining the benchmark and policy criteria for taxing personal saving. It then focuses on the current tax treatment and the Review’s recommendations for the taxation of home ownership (the largest single component of Australian household wealth); investment income and capital gains in respect of rental property investment, shares; and interest on bank accounts.
Finally, it considers the Review’s suggestion that a bequests tax should be further examined for Australia.
Current at 10 April 2013
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