News : Division 296

Division 296, Superannuation, Tax

Retirees disappointed with Div 296

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, Australian Independent Retirees, unrealised capital gains, Wayne Strandquist, non-liquid assets

The government’s unrelenting position to not make any changes to the proposed Division 296 tax legislation is causing anguish among retirees.

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Administration, Division 296, Investments, SMSF

Div 296 does not change valuation rules

The asset valuation rules currently applicable to SMSFs will remain unchanged after the Division 296 tax is implemented.

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Division 296, Superannuation, Tax

Mixed support for new super tax

A poll has found around half of Australians are in favour of the Division 296 tax, with many giving it strong support.

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Division 296, Superannuation, Tax

Accumulation best for Div 296 exits

Drawdowns to manage the proposed Division 296 impost should be made from the accumulation interest of SMSF trustees to achieve an optimal tax outcome.

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Division 296, SMSF, Tax

New tax presents SMSF double hit

SMSFs trustees face paying tax on both unrealised and realised capital gains as a result of the proposed Division 296 tax.

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Division 296, SMSF, Superannuation, Tax

Government super tax stance staunch

The SMSF Association has acknowledged the re-elected Labor government has no intention of making any changes to the Division 296 tax.

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Division 296, SMSF, Superannuation, Tax

Anti-Div 296 tax petition initiated

An Australian fund manager has launched a petition opposing the proposed Division 296 tax that has already received noticeable support.

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