SMH
·general
·2 hours ago
ATO allows SMSFs over $3 million to reset asset values before new
Australia's tax office will allow self-managed super fund trustees with balances exceeding $3 million to reset asset cost bases to market value on June 30, 2026, ahead of new Division 296 taxation from 2026/27. The reset is mandatory for all or no assets and requires dual record-keeping for capital gains calculations.
Summary by Glance · SMH
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