During the market’s boom
years, trustees only had to worry about minimising capital gains tax
liabilities and maximising franking credits to assure a good after-tax performance
for their fund. But with the concept of ‘gains’ long gone, and dividends on
their way down too, harvesting losses is suddenly the name of the game. This article,
by DREW VAUGHAN of administration consultancy Dymonds Foulds
Vaughan, is intended to increase discussion about
issues surrounding the inclusion of future income tax benefits (FITBs) in unit
price calculations.
The co-owners of financial planning business State Super Financial Services are seeking to sell it, with price hopes understood to be around $280 million.
