People will hold on to assets with revised Div 296 legislation to avoid CGT
In the Senate Estimates on Wednesday (3 December) Senator James Paterson said according to the Parliamentary Budget Office, superannuation members who hold assets will now more likely keep them within the super environment rather than face capital gains tax on their sale. “The package is expected to raise about $2 billion over the forward estimates, compared to the previous gain of $6.2 billion that was...
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