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TR 2013/D7 - apportioning SMSF expenses

Publication date: 10 Mar 14 | Source: CCH TAX WEEK

Issue: Issue 4 7 Feb 2014

Pages: pp1-4


The Tax Office recently released an important Draft Tax Ruling TR 2013/D7 that focuses on the apportionment of expenses incurred by a superannuation fund where a fund derives both assessable and non-assessable income.

This article looks at the background of the tax ruling and some issues that it covers, such as - distinct and severable expenses; indifferent expenses; contributions and rollovers deemed to be assessable income.

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Author profiles

Daniel Butler CTA
Photo of author, Daniel BUTLER Daniel is one of Australia’s leading SMSF lawyers and has worked predominantly in the SMSF, tax and related fields for over 30 years. He is a regular presenter on SMSF topics and has published extensively in professional journals including contributing a monthly article on SMSFs to the Taxation in Australia and other media. Dan is a member of the Tax Institute’s National Superannuation Committee and is involved with a number of other tax and SMSF committees and discussion groups. Dan also presents on the subject Taxation of Superannuation at the University of Melbourne’s Master of Laws/Tax program. Dan is also a Specialist SMSF Advisor. - Current at 04 August 2020
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