Articles by Darin Tyson-Chan

Property project checking a must

June 28, 2023

The progress of property developments in which SMSFs are invested need to be continually monitored to avoid compliance breaches.

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NALI/NALE

New bill may provide NALE fix

June 27, 2023

Darin Tyson-Chan

A solution to one NALE issue could potentially be provided by the interaction of the bill tabled in parliament last week and TR 2010/1DC.

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Downsizer

Downsizer valuations absolute

June 26, 2023

Darin Tyson-Chan

The valuation rules applied to downsizer contributions are very strict and not consistent with other tax provisions regarding property transactions.

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Superannuation, Tax

Indexation measure a Div 293 issue

June 22, 2023

Darin Tyson-Chan

Indexation of the quarterly maximum super contribution base might trigger a Division 293 tax issue for employees on high salaries.

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ATO, Pensions, Retirement

TRIS could hinder indexation access

June 21, 2023

Darin Tyson-Chan

The situation of a person turning 65 in June 2023 with a TRIS needs particular attention so they can maximise their personal transfer balance cap.

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Superannuation, Tax

New 30 per cent tax not accurate

June 20, 2023

Darin Tyson-Chan

Practitioners and SMSF trustees alike should not be under the impression the proposed new superannuation tax is just a 30 per cent impost.

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LRBA, Property, SMSF

LRBA interest rate pain coming

June 19, 2023

Darin Tyson-Chan

SMSF trustees using a related-party LRBA and adhering to the PCG 2016/5 safe harbour rules will be facing a significant interest rate hike in 2023/24.

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Superannuation, Tax

$3m soft cap effect significant

June 15, 2023

Darin Tyson-Chan

Advisers are expecting the proposed tax to be applied to people with a total super balance over $3 million will affect one-third of their SMSF clients.

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Retirement, SMSF, Superannuation