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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-07-13 07:55:25" ["slug"]=> string(123) "17060:do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(136) "/resources/podcast/do-lockdowns-boost-property-prices-are-short-sellers-levelling-the-playing-field-did-you-lodge-your-tax-returns-early" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

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The tax perks of listed investment companies

By Killian Plastow

June 30 2017
Share

Invest

The tax perks of listed investment companies

By Killian Plastow
June 30 2017

Much like ETFs, listed investment companies are a way for investors to access a diversified portfolio of assets while offering a number of tax benefits.

tax perks of listed investment companies paper pen looking analysing

The tax perks of listed investment companies

By Killian Plastow

June 30 2017
Share

Much like ETFs, listed investment companies are a way for investors to access a diversified portfolio of assets while offering a number of tax benefits.

Speaking to Nest Egg, Australian Foundation Investment Company general manager of business development and investor relations, Geoff Driver, explained that listed investment companies (LICs) are no different from other companies available through a stock exchange.

“A listed investment company is like any other company that’s listed on the ASX. It’s a company structure in the context of it has capital to invest, but unlike a business like BHP that invests that capital in mines and equipment, we invest our capital into other shares on the exchange,” Mr Driver said.

“Like a company, we report every six months in terms of our profit and declare a dividend, and when we want to raise additional capital, we do so by issuing more shares, through dividend reinvestment plans, share purchase plans or rights issues.”

Given LICs operate exactly the way other companies do, they are taxed at the same 30 per cent rate as large companies, but also offer franking credits to their investors, Mr Driver said.

Additionally, LICs will manage the tax for their underlying investments and pass only an after-tax return, thereby simplifying the tax process.

Where LICs pay tax on capital gains, further deductions are sometimes available to that LIC’s shareholders, Mr Driver said.

When an LIC pays a dividend which includes an LIC capital gain amount, investors are entitled to a deduction of 50 per cent of the dividend amount that is attributed to the LIC’s capital gains, according to the ATO’s rules.

“That’s really trying to place the shareholder in the same basis as if they owned the shares themselves,” Mr Driver said.

“The only wrinkle to that is that it’s not offset against a person’s other capital gains within their own portfolio.”

Mr Driver did note, however, that investors who sell their shares in an LIC will still need to pay tax on those shares’ capital gains.

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