Managing Funds for After Tax Returns: Unresolved Issues About Unrealised Gains

23 Pages Posted: 2 Oct 2009

See all articles by Gordon Mackenzie

Gordon Mackenzie

University of New South Wales - Australian Taxation Studies Program (ATAX)

Date Written: October 1, 2009

Abstract

Managing a portfolio for after tax returns can be difficult and expensive and the paper reviews some perceived difficulties with managing a portfolio for after tax returns, actual practices used by managers and five methods for reporting after tax returns to investors and potential investors under Australian tax conditions. The value of unrealised gains in a portfolio is not quite clear as, even though it is considered to be valuable in after tax management, a US study shows that large unrealised gains in a portfolio may not be attractive to potential investors.

Keywords: after tax management and reporting, value of unrealised gains

Suggested Citation

Mackenzie, Gordon, Managing Funds for After Tax Returns: Unresolved Issues About Unrealised Gains (October 1, 2009). UNSW Law Research 2009-37, Available at SSRN: https://ssrn.com/abstract=1481563

Gordon Mackenzie (Contact Author)

University of New South Wales - Australian Taxation Studies Program (ATAX) ( email )

Sydney, NSW 2052
Australia

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