The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
Read moreSection 100A: why so much attention?
One of the areas of particular interest to the ATO is s 100 of the ITAA 1936. This article looks at what s 100 is, why it has garnered significant attention in recent years, and respective guidance for tax advisors.
Read moreProfessional bodies respond to allocation of profits draft guidelines
The professional bodies have released their joint submission to the ATO’s Draft Practical Compliance Guideline PCG 2021/D2.
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