Quantcast
au iconAU

 

 

ATO mulls changes for 'confusing' CGT system

The ATO has floated the idea of a simpler approach to elements of capital gains tax (CGT) in an effort to minimise what is currently a huge amount of “unnecessary and confusing clutter.”

ATO mulls changes for 'confusing' CGT system
smsfadviser logo

Speaking at the Tax Institute and the Australian Tax Research Foundation 2017 forum, ATO second commissioner Andrew Mills said a simple principled approach to CGT events would bring about flexibility in dealing with changing world and emerging practices.

Read the full article on Accountants Daily.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox