Articles by Jason Spits

Investments

Relationship status key to share purchases

Understanding the relationship between parties in an unlisted share transaction is critical in ensuring that acquisition can proceed.

Understanding the relationship between parties in an unlisted share transaction is critical in ensuring that acquisition can proceed.

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ATO, Compliance, Superannuation

Compassionate release warning welcomed

ATO warnings about misusing early access to super for medical procedures must be backed by bans on advertising and the involvement of third-party promoters.

ATO warnings about misusing early access to super for medical procedures must be backed by bans on advertising and the involvement of third-party promoters.

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Compliance, Superannuation

Compassionate release warning issued

The ATO has warned the misuse of rules allowing access to super on compassionate grounds will result in compliance action.

The ATO has warned the misuse of rules allowing access to super on compassionate grounds will result in compliance action.

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Division 296, Legislation, Tax

Super tax timeframe still undetermined

The government has not publicly committed to a date to introduce the Division 296 legislation stating it has until 2026 to do so.

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Death benefits, Estate Planning, Tax

Insurance can be untaxed death benefit

A rare set of circumstances involving insurance in an SMSF can cause a death benefit to be untaxed when passed on to a beneficiary.

A rare set of circumstances involving insurance in an SMSF can cause a death benefit to be untaxed when passed on to a beneficiary.

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Pensions, Retirement, Strategy, Tax

TBC contradicts sole purpose test

Restricting superannuation pensions via caps runs counter to the sole purpose test, which aims to pay benefits in retirement.

Restricting superannuation pensions via caps runs counter to the sole purpose test, which aims to pay benefits in retirement.

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Contributions, Tax

Contribution claims still confusing advisers

Advisers are still confused about the process of claiming a personal deductible contribution, which requires more than just lodging a notice of intent.

Advisers are still confused about the process of claiming a personal deductible contribution, which requires more than just lodging a notice of intent.

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Estate Planning

Advisers ignoring own estate planning

SMSF practitioners are not taking their own estate planning advice, leading to lawyers having to resolve disputes upon their passing.

SMSF practitioners are not taking their own estate planning advice, leading to lawyers having to resolve disputes upon their passing.

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Division 296, Legislation, Regulation, Tax

Old claims can’t justify Div 296 start

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

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