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...