Year-end tax implications for managed funds amid COVID-19 downturn

Potential tax issues have arisen for both managed funds and their investors, write Natalie Raju and Edward Tweddle.

As with almost every other aspect of daily life, the COVID-19 pandemic has had a significant impact on the year-end distributions from Australian managed funds.High levels of equity market volatility and sharp movements in foreign exchange rates, particularly from March through to June, have meant that many funds that were previously on track for a positive year-end performance have experienced a substantial decline.This creates a number of potential tax issues not only for managed funds but ...

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Authors: Natalie Raju, Edward Tweddle

Published Date: 11 August 2020