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Portfolio Manager - Recommended tax settings for different investors

Typically these are set as follows:

Investor type

CGT discount rate

Input tax credit rate

Individual investor

50%

0%

SMSF registered for GST

33.3333%

75%

SMSF not registered for GST

33.3333%

0%

Company registered for GST

0%

100%

Non Australian resident

0%

100%

Trusts

50%

55%

 

CGT discount rate is the discount on capital gains where the asset was held for more than 12 months. 

Input tax credit rate is used to calculate the default values for Claimable GST.  E.g. for a trust this rate is 55%, meaning 55% of the GST expense on a trade can be claimed as an expense against income and the remaining 45% is added to the cost base.

References

Important information

Lincoln Indicators is not licensed to provide tax advice. The above table of tax rates is to be used as a guide only and may change at any time. It is your responsibility at all times to ensure that the correct tax rates are used. In order to determine what the exact rates are that should be applied to your portfolio please seek independent financial tax advice from a licensed professional. Lincoln Indicators takes no responsibility for the tax rate you apply.

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