Adopting the proportionate method before 30 June in order to qualify for capital gains tax (CGT) relief would deliver the best outcome for SMSF trustees, according to an industry lawyer.

Retirees receiving a part or full age pension need to consider carefully whether or not to take advantage of the 2017 budget proposal allowing the proceeds of a property sale for downsizing purposes to be contributed to their SMSF due to the assets test rules, a chartered accounting firm partner has said.

Despite the federal government’s decision to include the outstanding balance of limited recourse borrowing arrangements (LRBA) in a member’s annual total super balance, advisers can still find opportunities for their SMSF clients ahead of the new rules commencing, according to a superannuation and estate planning legal expert.