Reserves are treated differently under super and tax laws
The term ‘reserve’ has different meanings regarding superannuation law and tax law, says a legal specialist.
The term ‘reserve’ has different meanings regarding superannuation law and tax law, says a legal specialist.
SMSFs should consider diversification into private credit, which offers an attractive income stream and capital protection through stringent loan assessment...
The fight to amend the controversial Division 296 tax passed through the lower house on Wednesday is not over, says...
Assistant Treasurer Stephen Jones has claimed it is “simply not true” that unrealised capital gains are not taxed anywhere else...
Some assets within an SMSF are “so obscure” that it is difficult to get a valuation, says a leading legal...
The SMSF Association has urged the Senate to reject legislation that would inflict a higher tax rate on the earnings...
Some SMSF members can use six years of unused concessional caps in the current year, says an industry expert.
SMSFs should do property title searches each year and obtain an annual market valuation, according to an industry specialist.
The Australian Financial Complaints Authority has launched a consultation on its approach to superannuation death benefits.
The amendment put forward by the SMSF Association regarding the $3 million super tax has been defeated in the lower...