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Indirect taxes paper

Published on 29 Aug 13 by NATIONAL DIVISION, THE TAX INSTITUTE

Indirect taxes, such as duty, GST and land tax, are often neglected when it comes to consideration of tax issues affecting superannuation funds.However, the indirect tax obligations, and potential exemptions and concessions that apply to superannuation funds are often vital parts of any review of potential tax considerations, particularly in relation to transfer of assets to and from a fund.

This paper covers:

  • a review of the application of duty for direct transfers of real estate to and from a superannuation fund in each state and territory
  • an update and review of the application of duty for indirect transfers of real estate ie interests in landholder/land-rich entities to and from a superannuation fund in each state and territory
  • an overview of other concessions available to superannuation funds such as change of trustees, set-up of funds etc
  • a brief update in relation to the application of the GST regime to transfers of real estate to and from a superannuation fund
  • the application of superannuation related land tax concessions in each state and territory.

Author profiles:

Rachel O'Donnell CTA
Rachel is a Senior Manager at PwC. Current at 02 October 2013
 
Author Photo - Zoe Chung CTA
Zoe Chung CTA
Zoe Chung, CTA, is a Partner in the Tax & Legal service team of PricewaterhouseCoopers and has worked in legal and professional services firms for over 16 years. Zoe is a state taxes specialist with an emphasis on stamp duty and has advised on a number of large mergers, acquisitions and restructures for clients in the mining, infrastructure, superannuation, manufacturing and funds management industry. While doing so, she has dealt with various state revenue offices, not only from a technical perspective but also from a policy perspective including making submissions to guide the policy underlying the stamp duty laws. Current at 24 September 2015 Click here to expand/collapse more articles by Zoe CHUNG.

This was presented at National Superannuation Conference.

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Individual sessions

Chasing tax within unit prices or credit rates

Author(s):  Dana FLEMING,  Narelle TOOHEY

Materials from this session:


Large fund issues and the ATO

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SMSF regulatory update

Author(s):  Greg TANZER

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Living to age 120, the pensions dilemma and other defined benefit conundrums

Author(s):  Barry RAFE

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Tax issues in successor fund transfers

Author(s):  Ross Stephens

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SMSF issues and the ATO

Author(s):  Stuart FORSYTH

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