The Division 296 impost has prompted SMSF members looking at retaining assets in super to consider the tax impact of their death on their beneficiaries.
The ATO has issued a warning to SMSF trustees to be aware of scammers leading up to EOFY.
Failing to meet the minimum pension requirements impacts a number of tax components, an industry consultant has warned.
The rules for a super fund investing in property are complex because of the restrictions placed on some types of property that may be acquired (purchased or transferred in specie) from related parties.
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