‘Last throw of the dice’, SMEs, tax time, money

‘Major CGT issue’ surfacing in 2017-18 returns

SMSFs have been reminded to keep track of any capital gains that were deferred under the transitional CGT relief with one audit firm already detecting issues in this area.

Speaking to SMSF Adviser, Hayes Knight director of SMSF services Ray Itaoui said in the SMSFs his audited for the 2017/18 financial year so far, he is already starting to see funds that have disposed of assets but not realised the gains for these assets that were deferred when they applied the relief.

Read the full article at SMSF Adviser.

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