Double tax on paper gains in property - welcome to the new super tax
The Money Puzzle · The Australian
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Show Notes
Inside the Self Managed Super Fund sector, it is professionals - such as auditors - who are on the front line: They will be dealing with valuations which ultimately determine whether or not investors will be hit with the new super tax.
One of the leading voices in the campaign against the new super tax is auditor Naz Randeria, here she lays out the faults of the new super tax regime and reveals how - if you are unlucky enough - you could end up paying unrealised gains tax twice over on a property held inside an SMSF.
Naz Randeria of Reliance Auditing Services joins Associate Editor - Wealth, James Kirby in this episode.
In today's show, we cover:
- Valuation bunfights and other realities of the new super tax
- Land tax and Division 296 - how two paper gains taxes can be applied to the one property!
- Unleashing unrealised gains taxes
- Where can I find a 'pension eligibilty calculator?"
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