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  Superannuation 2013

Indirect taxes

Source: New South Wales

Published Date: 29 Aug 2013

 

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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(s)

Individual Session

Indirect taxes

Author(s): Zoe Chung CTA , Rachel O'Donnell CTA
Materials from this session:

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