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Weaponised 100A needs a rewrite: CA ANZ
Tony Zhang
“Unsatisfactory for all concerned”, an accountants body says of trust ruling.
“Unsatisfactory for all concerned”, an accountants body says of trust ruling.
The ATO concedes it should have been clearer in the application of section 100A draft guidance on trusts.
With the ATO taking a strict stance on borrowings through testamentary trusts and excepted trust income, one law firm says further guidance
The uncertain nature of non-fungible tokens means SMSFs need to closely assess how they will fit into the fund.
With the timeline and outcome of the government’s consultation on non-arm’s length expenditure issues uncertain, SMSF professionals have
The SMSF industry has welcomed the government’s announcement regarding the amendments to the non-arm’s length income (NALI) provisions b
SMSFs will need to ensure they follow the correct commutation process or risk breaching cashing rules, said a technical expert.
The ATO has highlighted various errors it has recently received through SuperStream messaging due to missing data and incorrect information,
SMSFs dealing with unallocated reserves will need to take into account new administrative steps when managing the allocation along with its
SMSFs making large benefit payments can face several structural challenges with pensions that can shape the contribution and timing strateg
With a number of professional and industry bodies still negotiating with Treasury on some of the more severe aspects of the non-arm’s leng
Practitioners will need to go through two separate requirements when making transactions of market value for in-specie contributions with th
The Tax Institute is concerned that certain types of evidence required by the Administrative Appeals Tribunal, such as witness statements, m
SMSFs managing various outgoings across the fund will need to carefully navigate different situational capacity changes that can affect the
The recent focus from the ATO on capital gains tax (CGT) concessions can lead to increased compliance risks for SMSFs involved along with ad
The AAT has made its decision to uphold administrative penalties on an SMSF after it had breached superannuation borrowing restrictions.
With the extension of the various COVID-19 relief this year, SMSFs will need to increasingly consider the use of a specialist to better navi
ATO Commissioner of Taxation Chris Jordan has vowed to work effectively with the tax profession in the rollout of a number of ATO improvemen
The ATO has advised trustees to begin the preparation process for the valuation of assets in the upcoming SMSF annual return.
Whilst segregation is used primarily for ECPI, new changes in the super landscape can start to increase different utilisation of segregation
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