000			02057nab a2200253 c 4500
999			_c146675 _d146675
003			ES-MaIEF
005			20221107190138.0
007			ta
008			221107t2022 at ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_970155 _aSutton, David
245		4	_aThe case for removing roll-over of liability to tax on capital gains at death _c David Sutton and Jeremy Parker
500			_aResumen.
520			_aThe Australian system of taxation includes a range of preferences in taxing capital gains. One of those preferences is the roll-over of liability to tax on the part of the inheritor of capital gains made in the deceased benefactor’s lifetime. The inheritor inherits the deceased’s cost base for the purpose of capital gains tax and only becomes liable to tax when the inheritor realises the asset. The case for this treatment is based on liquidity considerations, economic considerations, sentimentality and, less commonly, on vertical equity. This review of the capital gains tax roll-over at death outlines the case for the concession, arguing that this case is substantially without merit. On this basis, the discussion concludes that the roll-over at death should be removed, with liability to tax on gains arising in the benefactor’s lifetime arising upon death. To this point, there has been limited research or discussion of this issue, but this tax preference compounds tax system complexity, reduces economic efficiency and exacerbates the contribution of the tax system to growing inequality. For these reasons, it represents an important area for the consideration of tax regime change.
650			_aCAPITAL _933516
650		4	_aHERENCIA _950219
650		4	_aDONACIONES _942899
650		4	_aDONACIONES MORTIS CAUSA _969506
650		4	_aIMPUESTOS _947460
650		4	_aAUSTRALIA _932206
700			_970161 _aParker, Jeremy
773	0		_9168249 _oOP 1867/2022/3 _tAustralian Tax Forum: a journal of Taxation Policy, Law and Reform _w(IEF)103415 _x 0812-695X _gv. 37, n. 3, 2022, p. 455-475
942			_cART