News : Tax

Division 296, SMSF, Tax

New tax requires three-stage approach

SMSF members should formulate a strategy regarding the management of their Division 296 situation in three distinct stages.

SMSF members should formulate a strategy regarding the management of their Division 296 situation in three distinct stages.

read more
Division 296, Property, Tax, Trusts

Div 296 will slug indirect asset income

Indirect assets held by an SMSF will not get any CGT adjustment under Division 296, resulting in potentially higher tax liabilities.

Indirect assets held by an SMSF will not get any CGT adjustment under Division 296, resulting in potentially higher tax liabilities.

read more
Division 296, Legislation, SMSFA, Superannuation, Tax

Concerns not addressed in new tax bill

The SMSF Association has flagged problems still remain in the Division 296 legislation that could create unintended consequences.

The SMSF Association has flagged problems still remain in the Division 296 legislation that could create unintended consequences.

read more
Division 296, Legislation, Superannuation, Tax

Revised Div 296 legislation introduced

The government has introduced the revised Division 296 tax legislation into parliament less than four weeks after consultation on it closed.

The government has introduced the revised Division 296 tax legislation into parliament less than four weeks after consultation on it closed.

read more
Investments, Property, Residential Property, Retirement, Tax

CGT reform must take macro view

IFPA has called on the government to look beyond the CGT discount if it is aiming to reform this area of the Australian taxation system.

IFPA has called on the government to look beyond the CGT discount if it is aiming to reform this area of the Australian taxation system.

read more
Division 296, Retirement, Tax

AIR calls for new tax carve-out

A consumer advocacy group wants self-funded retirees who have already structured their retirement to be exempt from the Division 296 tax.

A consumer advocacy group wants self-funded retirees who have already structured their retirement to be exempt from the Division 296 tax.

read more
Division 296, Superannuation, Tax

Capital loss caution before Div 296

SMSFs can realise capital losses as a Division 296 mitigation strategy, but need to take the right steps to avoid other tax breaches.

SMSFs can realise capital losses as a Division 296 mitigation strategy, but need to take the right steps to avoid other tax breaches.

read more
Division 296, Strategy, Tax

Super may still be best Div 296 option

High-balance SMSF members are likely to find their fund is still the most tax-effective savings vehicle despite the Division 296 tax.

High-balance SMSF members are likely to find their fund is still the most tax-effective savings vehicle despite the Division 296 tax.

read more
Division 296, SMSF, Tax

Strategise Div 296 payment sources

SMSF members who will pay Division 296 tax should look to reduce other taxable components in super when making those payments.

SMSF members who will pay Division 296 tax should look to reduce other taxable components in super when making those payments.

read more
Division 296, SMSF, Tax

Div 296 advice may trigger tax avoidance

Advice provided to clients in relation to managing a Division 296 liability could be viewed as tax avoidance in some circumstances.

Advice provided to clients in relation to managing a Division 296 liability could be viewed as tax avoidance in some circumstances.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.