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The transitional CGT relief measure and your SMSF

Transitional CGT relief is temporary relief available to all super funds, not just SMSFs, for certain CGT assets that would otherwise lose the tax exemption through the necessary efforts to comply with the new transfer balance cap and new conditions to be applied to transition to retirement income streams (TRIS). Upon the introduction of the

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ATO’s approach to reviewing commutation requests: What you need to know

  In a recently released practical compliance guideline (PCG 2017/5), the ATO sets out its administration approach in relation to commutation requests. It is an essential piece of information for tax practitioners and superannuation trustees because it explains which commutation requests will not be subject to an ATO review. With the new superannuation rules taking

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SMSFs and the in-house asset rules explained

A not-uncommon conundrum for many SMSF trustees is what to do when the fund is found to have breached the in-house asset rules. There are also some common misconceptions about these regulations that keep resurfacing. What does the ATO say in relation to the in-house asset rules? Recent ATO statistics on the SMSF sector show

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More super reform changes being made on the fly

Further rumoured amendments to the superannuation reforms taking effect on July 1, 2017, just over two months away, are seeding further panic among the superannuation industry. The document circulated by the ATO lists seven areas where further amendments, termed “minor and technical”, are being sought. It is proposed that the government intends to enact these

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