Can superannuation funds invest in Gold?

Can superannuation funds invest in Gold?

Investing in gold I am often asked by self managed superannuation fund (SMSF) members if their superannuation fund can invest in gold? When an SMSF member is considering investing in gold or other precious metals, they need to consider whether the investment could...
How to complete member information in the 2018 SMSF annual return?

How to complete member information in the 2018 SMSF annual return?

The Australian Tax Office (ATO) has made a number of changes to the Self-managed superannuation fund annual return 2018 (NAT 71226-06.2018) to facilitate the superannuation reform changes that came into effect on 1 July 2017. Some of the main changes are highlighted...
Can an SMSF still apply for Capital Gains Tax uplift?

Can an SMSF still apply for Capital Gains Tax uplift?

While the lodgement date for a 2017 self-managed superannuation fund annual return has passed, some SMSFs may have yet to submit their tax return. The due date was 30 June 2018. However, as the due date falls on a weekend, lodgement no later than Monday 2 July 2018...
Can a Self Managed Superannuation Fund receive gifts?

Can a Self Managed Superannuation Fund receive gifts?

When the Federal government first introduced the legal structure of a Self Managed Superannuation Fund (SMSF) into the Superannuation Law on 8 October 1999, it was mainly intended for family members who operated small businesses together.  Due to the Superannuation...
Treatment of carried forward capital losses existing at 30 June 2017

Treatment of carried forward capital losses existing at 30 June 2017

As part of the new superannuation reform, eligible Self Managed Superannuation Funds (SMSFs) can utilise the transitional Capital Gains Tax (CGT) relief to reset an asset’s cost base to market value either at the cessation time or 30 June 2017. The cessation time...