Where the SMSF trustees do not elect to defer the notional capital gain, then the portion of the gain that does not relate to the exempt amount, again based on actuarial calculation for the year, is included as assessable income in the funds 2017 return.
The fund will need to meet this tax liability in that year.
22 June 2017
Transitional CGT relief – overview of the transitional CGT measures
Different rules apply depending on what method the SMSF trustees have been using to calculate …
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