- Presentations, Technical Resource
- Setup and management
Technical Summit 2023
The new announced tax on those with TSBs greater than $3m+ places even more importance on the exact method in which TSBs are calculated. A relevant related concept is the exact method in which TBCs are calculated. This interactive 2023 workshop covers:
- The new tax makes the correct calculation of market value even more important — what is best practice for documenting market value, particularly given the ATO’s compliance program of auditing SMSF auditors
- The impact of structured settlements upon TBCs and TSB calculations
- The impact of limited recourse borrowing arrangements upon TBCs and how that flows on to the new tax
- The impact of death and indexation upon TSBs and TBCs
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association