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Media mayhem and Div 296
The $3 million super tax has been headline news around the country over the past couple of weeks and has finally made the front pages of the mainstream media. In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn highlight a critical aspect of the debate that has captured the media’s attention: the difference between the perception and the reality of the implications of the Division 296 tax.
Listen as they discuss:
- The misconceptions and a lack of understanding about the legislation's nuances.
- The political dynamics surrounding Div 296 and its complexities.
- The broader implications of Div 296, particularly its potential impact on estate planning and family businesses.
- The need for advisers to play a crucial role in guiding clients through the complexities of the new tax laws.
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