Question

How much do super funds get taxed at on their income? On their long term capital gains?

Option 1: 15% on income, 10% on long term capital gains

Option 2: 20% on income, 15% on long term capital gains

Option 3: 10% on income, 5% on long term capital gains

Option 4: 25% on income, 20% on long term capital gains

Answer 1

The correct answer is Option 1: 15% on income, 10% on long term capital gains. Super funds in Australia are subject to different tax rates depending on the type of income. Generally, income received by super funds is taxed at a concessional rate of 15%, but long term capital gains are taxed at a lower rate of 10%.

Step-by-step explanation:

The correct answer is Option 1: 15% on income, 10% on long term capital gains.

Super funds in Australia are subject to different tax rates depending on the type of income. Generally, income received by super funds is taxed at a concessional rate of 15%. However, long term capital gains made by super funds are taxed at a lower rate of 10%.

It's important to note that the tax rates for super funds can vary based on specific circumstances and regulations, so it's always best to consult with a professional or refer to the latest tax guidelines for accurate information.