Published on 01 May 00
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
the Government has now indicated that trusts will only be entitled to the capital gains tax discount arising under s 102-3 of the ITAA 97 where the asset giving rise to the capital gain was acquired before on or before 23 December 1999. This article sets out the rules for trusts.
Peter heads Cowell Clarke's tax and revenue practice group. He advises and acts for a wide range of public and private companies as well as for the trustees of self managed superannuation funds. Peter’s areas of expertise include: income tax (as it impacts on business and high net worth clients); capital gains tax; goods and services tax; state taxes and superannuation law. Peter is regularly involved in advising SMSF trustees on issues associated with superannuation income streams. Peter is a member of the Australian Institute of Company Directors and the SMSF Professionals Association of Australia Ltd in addition to being a member of the Tax Institute’s South Australian State Council.
- Current at
08 October 2019