Contributions case involving ‘COVID victim’ provides important lesson
Miranda Brownlee
A recent AAT decision highlights the importance of ensuring clients follow the rules regarding eligibility for claiming personal superannuat
A recent AAT decision highlights the importance of ensuring clients follow the rules regarding eligibility for claiming personal superannuat
Advisers should start warning SMSF clients about the severe tax ramifications that will apply to contributions where non-arm’s length inco
SMSF professionals should think carefully about what services they provide to their SMSF from 1 July 2022, with the ATO to cease its transit
The ATO has published new guidance on the allocation of profits in professional firms and warned that certain arrangements involving the dis
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
The Tax Office has encouraged SMSFs that are facing difficulties in rectifying regulatory contraventions to use its early engagement volunta
SMSFs setting the optimal death benefit strategy can face critical timing challenges when considering both member benefit and death benefit
SMSFs dealing with the potential pricing risks in valuations from NALI will need to take care when assessing the pricing range, ensuring inc
With the rise of SMSF death benefit disputes, advisers will need to be cognisant of the challenges currently being seen on discretion approa
The government has made new changes in its recent legislation to simplify choice for SMSFs when calculating exempt current pension income (E
Get the latest news and opinions delivered to your inbox each morning
Get notifications in real-time for staying up to date with content that matters to you.
