Revised Div 296 bill ‘misrepresents’ legislation: expert
Tim Miller, head of education and technical for Smarter SMSF, said in a recent online update that the new measure, which will calculate Div 296 tax based on the higher total super balance either at the start of the year or the closing balance at the end of the year, doesn't factor in a many key issues such as unexpected “spikes”. “There might be an...
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