Published on 09 Jun 04
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper addresses election issues unique to SMSFs and unit trusts, and when and why they should or shouldn't make elections including:
- when does a SMSF have to make a FTE and/or an IEE?
- when does a unit trust or other entity that a SMSF has invested in have to make a and/or an IEE?
- what are the ATO's views on these issues - we will closely examine several relevant ATO IDs.