Be careful when planning asset sales and pension commencements
David Busoli, principal for SMSF Alliance, said he was recently asked a question about what gains may be assessable in a two-member fund. In the SMSF in question, one of the members has been wholly in pension since July 1 and the other in accumulation. The accumulation member intends to convert their whole balance to a pension from 1 January. The scenario continued that shortly...
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