CGT relief revisited | Accurium

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CGT relief was available to compensate SMSFs impacted by the 2016 Super Reforms. Those funds impacted by the transfer balance cap and changes to transition to retirement income streams could reset the cost base on assets prior to the new rules coming into force on 1 July 2017. However, how and when the relief could be applied was complex. This session will explore the impact of decisions made back at 30 June 2017 on the sale of assets to which the relief was applied.

We will consider:

  • Refresh on the CGT relief rules
  • How to correctly claim ECPI when an asset is sold at a gain or a loss
  • Issues arising with CGT relief
  • Strategies to maximise ECPI for assets which utilised the CGT relief

Learning Objectives:

  • Describe and apply the CGT relief rules to sale of assets post 1 July 2017
  • Identify opportunities to maximise ECPI on the sale of assets
  • Determine if CGT relief was correctly claimed at 30 June 2017
  • Understand the implications of an incorrect or no CGT relief claim at 30 June 2017