Super

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Dividend stripping in the taxman’s firing line

The Tax Office has recently warned about the practice known as “dividend stripping”, and has drawn attention to a previously issued taxpayer alert also warning against these arrangements. Of particular concern is dividend stripping involving the transfer of private company shares to a self-managed superannuation fund (SMSF). The Tax Office says the typical target audience

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SMSF strategy – Tax Office form to adjust concessional contributions

The ATO has released a form that notifies it that a member of a self-managed superannuation fund (SMSF) has made concessional contributions in one financial year (year 1) but their SMSF did not allocate them to the member until the next financial year (year 2). Most SMSFs use provisions in their trust deeds concerning contribution reserves to

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