The small business CGT concessions can be extremely valuable, but sometimes the complexity of the details can be confusing. We clear up some of the more obscure factors.
The rules around LRBAs for SMSF trustees have been fiddled with again, and necessitate (again) a look at the fine print. There is also a new statistical report on SMSFs that trustees should be glad to read.
Also dealt with are the differences between investment returns being on revenue or capital account, and what to do if you need to lodge your next tax return early.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.