Total Super Balance

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Sladen Snippet – New Div 296 tax – what we know and what we don’t?

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Sladen Snippet – New Div 296 tax – what we know and what we don’t?

New Division 296 tax, as outlined in a Treasury Fact Sheet, includes two indexed thresholds ($3 million and $10 million) and taxation on realised (not unrealised) earnings from 1 July 2026. However, critical details about how realised earnings will be calculated—particularly regarding pre-1 July 2026 gains—remain unclear.

 

#superannuation #SMSF #tax #Div296 #totalsuperbalance #$3million #unrealisedgains #10million

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Sladen Snippet - Treasurer announces major changes to Div 296 tax – including removal of tax on unrealised gains

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Sladen Snippet - Treasurer announces major changes to Div 296 tax – including removal of tax on unrealised gains

Division 296 tax to be amended to remove taxation of unrealised capital gains, according to a media release by Federal Treasurer Jim Chalmers.

 

#superannuation #SMSF #tax #Div296 #totalsuperbalance #$3million #unrealisedgains

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Sladen Snippet – do intermediary LRBAs count for the total super balance add back provisions?

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Sladen Snippet – do intermediary LRBAs count for the total super balance add back provisions?

An intermediary limited recourse borrowing arrangement (LRBA) differs from a standard LRBA in that the bare trustee, rather than the SMSF trustee, enters into an LRBA borrowing as principal with a lender.