LCG 2016/D8 – transitional CGT relief for super funds affected by the $1.6m transfer balance cap – Draft Guideline released
On Thursday 24.11.2016, the ATO released Draft Law Companion Guideline LCG 2016/D8 dealing with Superannuation reform: transfer balance cap and transition-to-retirement (TTR) reforms: transitional CGT relief for superannuation funds. The Draft Guideline provides guidance on the transitional CGT relief for superannuation funds where assets supporting superannuation income streams are reallocated or reapportioned to accumulation phase…