Blog

Yesterday the Federal Government released its Mid-Year Economic and Fiscal Outlook (MYEFO) update. Announcements that will have a direct impact on SMSF’s are as follows: CGT & Income Tax Relief With effect from 1 July 2012, super fund trustees will be able to dispose of pension assets on a tax-free basis to fund the payment...
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Yesterday the Federal Government announced the deferment of its proposed off-market transfers ban between self managed super funds and related parties until July 1, 2013. The ban was to come into effect on July 1 this year but, according to the Federal Treasury website, the proposed ban is now planned to take effect from July...
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The ATO has clarified what is meant by a ‘single acquirable asset’ and what constitutes repair or maintenance of an asset. The release of the Self Managed Superannuation Funds Ruling SMSFR 2012/1 by the Tax Commissioner has brought some clarity to issues surrounding borrowing and single assets by self managed super funds. The ruling has...
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