The murky forest of CGT relief
Source: Taxation In Australia Journal Article
Published Date: 1 Mar 2018
The commencement of the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (Cth) and subsequent amendments has meant that transitional CGT relief is now available for trustees of complying self-managed superannuation funds that are affected by the transfer balance cap and transition to retirement income stream assets. On first blush, segregated funds seem to be the most straightforward of the structures to implement CGT relief; however, a closer examination reveals a dense thicket under the tall trees of the CGT relief forest. The release of LCG 2016/8 provides the ATO interpretation of the legislative provisions and is of some use as a compass to get through the CGT relief forest. However, there are still many complexities that arise due to the choices available to trustees. This article focuses on two of the more nuanced aspects of this process " segregated funds and the deferral election for unsegregated funds.
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Details
- Published By: Kym Bailey
- Published On:1 Mar 2018
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