SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group

SMSF NS133: The New Division 296 Tax Announcements

·17 min·1 clip

The biggest win for super funds: the new Division 296 tax will only apply to realized gains, not paper profits.

The hosts break down major changes to the proposed Division 296 super tax, including the scrapping of unrealized gains taxation and the introduction of new $3M and $10M thresholds. They also address a listener's question about the compliance risks of SMSF loan offset accounts with non-ADI lenders.

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