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It is important to understand what is and what isn’t an in-house asset to ensure compliance in an SMSF, a leading technical specialist has said.
SMSFs that hold farms or small businesses should do a “stress test” on their funds in preparation for the Division 296 tax, a leading adviser has said.
Latest forecasts for investment returns and region-by-region economic outlook
The three major accounting bodies have backed the changes to the Division 296 tax and have called for it to be implemented quickly.
