Colonial First State has found evidence of SMSF practitioners promoting strategies to clients that falsely claim excess non-concessional count towards the tax free component of an SMSF.
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News
- 21 Aug 2016Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 21 Aug 2016Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- 18 Aug 2017Contributions triple in June quarter, survey showsBy Staff Reporter
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Strategy
Risks flagged with real estate appraisal valuesWhile the ATO will typically accept property appraisals performed by real estate agencies, where the value is close to the $1.6 million cap,...read more
Lawyer challenges ATO view on two fund strategiesAn industry lawyer has disputed the ATO view that setting up two SMSFs is a Part IVA risk by highlighting the importance of the strategy for...read more
ATO locks in details, addresses panic on real-time reportingThe tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
Data feeds unreliable for new reporting, says mid-tierWith an estimated 20 per cent of SMSFs still encountering errors from data feeds, one mid-tier firm believes the ATO should allow SMSF pract...read more
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