SMSF Australia Blog Articles
Do SMSFs get a 50% CGT discount?
No, SMSFs receive a one-third CGT discount (not 50%) on assets held over 12 months. Learn how SMSF capital gains tax works, the 10% effective rate, ECPI, and NALI implications
Can I reduce tax by putting money into super?
Yes, concessional super contributions can save high-income earners up to 30% in tax. Learn how salary sacrifice, member contributions, carry-forward rules, and spouse contributions work in an SMSF
What happens when you sell SMSF property
When your SMSF sells property, capital gains tax applies at 10% (with the one-third discount) net of ECPI if in pension phase. Learn how to calculate cost base, net capital gains, and deferred CGT
How often does a SMSF need to value property
SMSFs must value all property at market value at 30 June each year. Learn the ATO's guidelines on acceptable valuation evidence, when a formal appraisal is required, and the audit implications
Who really owns your SMSF assets?
SMSF assets must be legally held by the trustee on behalf of the fund and kept separate from personal assets. Learn the correct title formats, what auditors check, and why a corporate trustee matters
Does an SMSF do a Tax Return?
Yes, every SMSF must lodge an annual return (SAR) covering tax, regulatory information, and member details. Learn due dates, first-year rules, the "Return Not Necessary" option, and what's included
Do SMSF’s need to be audited every year?
Yes, every SMSF must be audited annually by a licensed ASIC-registered auditor covering both financial (Part A) and compliance (Part B) audits. Learn the deadlines, auditor requirements, and process
How long does it take to set up an SMSF?
SMSF setup can take 1-2 business days, but ABN registration may add weeks depending on ATO checks. Learn what affects your fund's registration timeline
How do you become an SMSF Specialist?
Learn how accountants and advisers become SMSF Specialist Advisers via the SMSF Association's SSA program, including eligibility and CPD requirements
What is the difference between a Financial Planner and an SMSF Accountant?
Discover the key differences between a financial planner and an SMSF accountant, including their roles, licensing requirements, and advice limitations
