Capital gains tax - Limiting the trading stock exception for superannuation funds

The 2011-12 Budget included a measure to ensure that any gains or losses on certain assets of a superannuation fund will be taxed under the capital gains tax (CGT) provisions.

Treasury is releasing a proposals paper that will form the basis of consultation on the policy design of this measure. The proposals paper sets out, in broad terms, how the measure may be implemented.

The purpose of this proposals paper is to provide interested parties with an opportunity to comment on the policy design of the measure.