Web28 May 2024 · Most helpful reply. My Super Fund is a SMSF. As trustee of the SMSF, I have acknowledged the receipt of the Notice of Intent to Claim (to myself) but I am nor aware that it needs to be lodged by the SMSF to the ATO. No it doesn't, but ATO is entitled to ask for it. Send ATO a copy of the fund's deduction notice to member. If the SMSF tax return ... Web13 Apr 2024 · 13 April 2024 — 7 minute read A A A The proposed additional 15 per cent tax on earnings attributable to superannuation above $3m has certainly raised many questions in respect of the policy itself as well as its implementation.
The $3m cap for super tax concessions – is there a better …
Web29 May 2024 · SMSF PROPERTY DEDUCTIONS. One of the great benefits of property in an SMSF is the raft of available deductions. Expenses that are likely to be deductible include … WebThis means you can’t use funds from your SMSF to pay for personal or business expenses. This is known as illegal early access of super and severe penalties apply. There are rules around what you can invest in when dealing with a related party. We've recently released a factsheet (PDF,160KB) to help you understand the rules on accessing your ... make your own bea
SMSF Deductions My SMSF
Web19 Dec 2024 · Operating expenses are general deductions relating to the operation of your SMSF. Examples of operating expenses include: Management and administration fees – … WebYou are only required to pay 15% income tax on the rental income from your SMSF property. This is well below the marginal tax rates, which could amount to 45% depending on your … WebNotice of intent to claim or vary a deduction for personal super contributions Form and instructions for super fund members to claim or vary a deduction for personal … make your own bday invitations