The transfer balance cap rules still apply to a pension that is a death benefit pension. ...
The transfer balance cap rules still apply to a pension that is a death benefit pension.
The 2016 Budget changes include CGT relief that allows SMSFs to reset cost bases of assets to market value before 1 July 2017.
One major consequence of the 2016 Budget changes and the introduction of transfer balance caps is that, by the end of 30 June 2017, the total amount each member has in pension phase must be reduced to $1.6 million.
The government has released an exposure draft of legislation that alters how having a superannuation borrowing arrangement (LRBA) in an SMSF will affect transfer balance account credits and the calculation of total superannuation balances in SMSFs (Treasury Laws Amendment (2017 Measures No. 2) Bill 2017: limited recourse borrowing arrangements).
With the start date for the 2016 Budget changes to super almost upon us, have you turned your mind to the estate planning consequences of the actions you are about to take?
The recent changes to superannuation rules have seen a seismic shift in the way we approach SMSFs and retirement planning.
We are excited to announce the date for the SMSF Conference and Adviser Training Day 2017.
From 1 July 2016, the Queensland Government has extended the duty exemption for transfers of assets used in a primary production property.
The full Federal Court recently considered whether a dividend access share was a debt or equity interest. The majority concluded that the particular share was a debt interest – as a result, there was no entitlement to franking credits.
Directors can be personally liable to pay the Commissioner of Taxation the amount of an unfair preference payment relating to pay as you go withholding (PAYG) where the Commissioner is ordered to pay the amount to a liquidator.
The new CGT withholding provisions commence on 1 July 2016 and, as the commencement date draws closer, it is becoming more apparent that the scope of the provisions is much wider than suggested by the government and the ATO.
In this article, we will discuss how your business can train staff on privacy related issues.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.