SMSF Alert: July 2015

Key Points Tax Office targets transferrals of private shareholdings Your auditor's duty to the ATO Repayments schedule for non-concessional excess contributions   Dividend stripping on ATO check list Trustees of DIY funds who attempt to transfer shares in a related private company to an SMSF should be aware the Tax Office is looking out for this activity, which it calls dividend stripping. In its taxpayer alert TA 2015/1 the ATO stated it takes a dim view when profits and franking credits are transferred to an SMSF by trustees who are owners of the shareholding. In that case, it says...

Tax Office targets transferrals of private shareholdings

Your auditor's duty to the ATO

Repayments schedule for non-concessional excess contributions

 

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