Taxation of managed investment funds – Where to paper?

Published on 09 Oct 08

The recent turbulence in our markets, particularly in the managed funds area, provides a timely reminder to advisors that they need to closely monitor emerging tax developments. This paper provides an analysis of interim changes to Division 6C, and potential changes of broader application as a result of the Board of Taxation's review, including:

• ways to clarify the scope and meaning of "investment in land" for the purpose of deriving rent
• a 25% "safe harbour" test for non-rental income from an investment in land
• an expansion of the range of financial instruments that a trustee can trade or invest in without triggering company taxation
• insights on the Board of Taxation's review of the taxation of managed funds.

Author profile

Adrian O'Shannessy FTI

Adrian is a Director of Greenwoods & Freehills Pty Limited and has long been involved with the taxation of managed funds. His practice involves advising multinational groups on domestic and international planning, with a focus on capital raisings, mergers & acquisitions. - Current at 09 October 2008

More by Adrian O'SHANNESSY

• Substantial equipment paper - 19-September-2007
• Treatment of Trusts and Partnerships under the Consolidation Regime seminar paper - 18-July-2003
• Corporate distributions: workshop questions and notes - 27-October-1999
• Corporate Distributions Workshop - 27-October-1999
• Interest update - 09-September-1999
• The Tax Law Improvement legislation - 04-September-1997
• Tax in review: Feeling the draft - 01-August-1997
• Year end tax planning : things to do now - 29-May-1996

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