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Discussion Paper: Managed Investment Trusts - Capital Account Treatment


Monday, 1 June 2009

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On 12 May 2009, the Government announced proposed changes to the taxation of gains and losses on disposal of certain investments by managed investment trusts. The proposed changes will allow managed investment trusts to elect to apply capital gains tax treatment to gains and losses on disposal of certain investments.

This Treasury discussion paper outlines in general terms the key design features and canvasses details and issues that may be relevant to give effect to the measure.

Interested parties are invited to comment on the discussion paper. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.  Automatically generated confidentiality statements in emails do not suffice for this purpose.  Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.  A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Friday, 10 July 2009

Address written submissions to:
The General Manager
Business Tax Division
The Treasury
Langton Crescent

Fax: (02) 6263 4466

Email:  SBTR@treasury.gov.au

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Discussion Paper: Managed Investment Trusts - Capital Account Treatment  118.66kb
Consultation Summary  32.80kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Discussion Paper: Managed Investment Trusts - Capital Account Treatment  117.23kb
Consultation Summary  849.24kb

Related Items:

Submissions: Discussion Paper: Managed Investment Trusts - Capital Account Treatment - 11/02/2010

Treasury received 24 submissions in response to the discussion paper. There were 21 public submissions, and three confidential submissions. The submissions that do not contain confidential material are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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