Don’t get ‘trigger happy’ with CGT relief, practitioners told
SMSF practitioners have been warned that the CGT reforms will not always be beneficial for SMSF clients and they need to carefully consider the timing of when members will retire. The SMSF Academy’s Aaron Dunn says it will not always be appropriate to apply the CGT relief for SMSF clients, adding that SMSF practitioners need to consider the potential timing of other members moving into retirement phase and the amounts they have that will be applied against their transfer balance cap.