PwC warns SMSFs on CGT timing issues
SMSF practitioners and their clients need to pay close attention to the timing of contributions and the commencement of pensions, as they may inadvertently restrict themselves from being able to apply the CGT relief, warns PwC. Speaking at a Townsends Business & Corporate Lawyers event, PwC director of private clients Liz Westover said the timing of any additional contributions made between now and 30 June could be critical to the CGT relief.