News : Tax

Division 296, SMSF, Superannuation, Tax

Div 296 pushes certificates to fore

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

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Division 296, SMSF, SMSFA, Tax

Div 296 regulations raise new concerns

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

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Compliance, Division 296, Legislation, Tax

Indexation limits Div 296 relevance

The indexation of the Division 296 tax has created a built-in limit to how relevant the impost will be in the next decade.

The indexation of the Division 296 tax has created a built-in limit to how relevant the impost will be in the next decade.

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Division 296, SMSFA, Superannuation, Tax

Concerns remain around Div 296 laws

The rapid progression of the Division 296 bills through parliament has not reduced concerns about its operation and cost.

The rapid progression of the Division 296 bills through parliament has not reduced concerns about its operation and cost.

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Division 296, Superannuation, Tax

Div 296 passes parliament

The Division 296 tax has progressed through parliament after the Senate approved it last night.

The Division 296 tax has progressed through parliament after the Senate approved it last night.

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ECPI, Tax

No definitive ECPI method choice

The method to calculate exempt current pension income is not strictly defined, with events within an SMSF the key factors to consider.

The method to calculate exempt current pension income is not strictly defined, with events within an SMSF the key factors to consider.

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Compliance, Division 296, Legislation, Regulation, Tax, Valuations

Cost base adjustment not portable

The Division 296 cost base adjustment will be locked to an SMSF and will be unable to follow members if they leave under certain circumstances.

The Division 296 cost base adjustment will be locked to an SMSF and will be unable to follow members if they leave under certain circumstances.

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Compliance, Division 296, Legislation, Tax

Div 296 ignores fraud loss

Super fund members who lose money because of fraud or failure will still be captured by the Div 296 assessment methodology.

Super fund members who lose money because of fraud or failure will still be captured by the Div 296 assessment methodology.

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Investments, Property, Tax

Strict rules govern GST claims

The ability for SMSFs to claim GST in a property transaction is dependent on other parties also being registered for the tax.

The ability for SMSFs to claim GST in a property transaction is dependent on other parties also being registered for the tax.

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