Advisers need to be mindful of when they claim tax deductions on expenses incurred by SMSFs in light of total super balance (TSB) restrictions imposed by the 2016 budget super reforms.

It is not too late for SMSF trustees who have already lodged their 2017 tax returns to make a choice or an election in relation to capital gains tax (CGT) relief, but only in particular circumstances, according to DBA Lawyers.