Resident super funds and the double tax risk.
25 May 06 |
CCH TAX WEEK
Issue: Issue 20 2006
With an ever-increasing globalisation of the work force, it is not uncommon for employees to be seconded overseas on short-term assignments. However, what may initially be intended as a 12-month posting could blow out to two years or more. The risk facing self managed superannuation funds (SMSF) is that they may unintentionally become non-resident funds and lose their concessional tax status.
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Daniel of DBA Lawyers, 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
09 March 2020