SMSF Association Submission – Capital Gains Tax and Negative Gearing – Tranche 2 Legislation

The SMSF Association welcomes the opportunity to provide this submission in response to the Government’s proposed amendments following recent reforms to the operation of capital gains tax and negative gearing across the four exposure drafts.

Broadly, we have concerns on the level of complexity introduced by these taxation reforms. The lack of administrative efficiency creates drag, and that loss of efficiency and simplicity adds significant cost to the system. Ordinary taxpayers will need the assistance of a registered tax agent to navigate and comply with these amendments.