ARTICLE · 07 JUNE 2024

Private Equity Tax Update - June 2024

Alvarez & Marsal

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The recent announcement of the Australian Federal Budget has revealed notable changes to the taxation system, impacting various aspects of tax in private equity. Explore A&M's analysis of the latest...

AustraliaTax

Anthony Fitzgerald

The recent announcement of the Australian Federal Budget has revealed notable changes to the taxation system, impacting various aspects of tax in private equity. Explore A&M's analysis of the latest developments in private equity taxation in Australia, and discover what steps professionals should take to navigate these issues effectively.

What you need to know:

Foreign resident capital gains tax

The Federal Budget has proposed a widening of assets on which foreign residents will be assessed CGT, among other measures which will impact foreign residents including a notification obligation for all foreign vendors of >$20m of shares and other equity interests in Australia.

Part IVA cases (Minerva and Mylan)

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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