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.
Date of this Version
Gordon Mackenzie, "Managing funds for after tax returns: unresolved issues about unrealised gains" (September 2009). University of New South Wales Faculty of Law Research Series 2009. Working Paper 37.