If there is one aspect of the 2017 superannuation reforms that has caused many practitioners some challenges it is the special relief provided on capital gains tax for those affected by the changes to pensions. We have recently introduced a service specifically to help deal with these rules.
This service is designed to help practitioners apply the rules to real life situations. It covers:
- identifying which CGT relief method is applicable for each fund asset
- our recommendation as to whether the trustee does or does not opt into the relief for particular assets
- where relevant, our recommendation on whether the trustee defers tax on the capital gain triggered by opting in; and
- highlighting any other issues we identify as part of our review.