Source: Taxation In Australia Journal Article
Published Date: 1 Apr 2019
As part of the superannuation reforms which came into effect on 1 July 2017, self-managed superannuation funds (SMSFs) with at least one member in receipt of a retirement phase income stream, with a total superannuation balance over $1.6m, are no longer able to use the segregated method to calculate exempt current pension income (ECPI). One strategy which emerged to counter this restriction involved achieving a quasi segregation via separate SMSFs. The Australian Taxation Offi ce (ATO) has expressed the view that this will only be acceptable in limited circumstances and where the aim is not to manipulate taxation outcomes. This article examines the holding of collectables by an SMSF as a circumstance where a separate SMSF might be strategically useful as well as acceptable from an ATO point of view.
What you need to know about grouping - Paper 17 May 2023
What you need to know about grouping - Presentation 17 May 2023
Structures - Do trusts fit the mould? - Paper 07 Nov 2019
Structures - Do trusts fit the mould? - Presentation 07 Nov 2019
Image rights in Australia: Fair game or foul ball? - Journal 01 Apr 2017
Case update - Paper 02 Jun 2016
Case update - Presentation 02 Jun 2016
Powers to amend trusts are no longer available from courts - Journal 01 Mar 2015
Practical problems caused by the Personal Property Security Act (PPSA) - Presentation 25 Mar 2013
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.