SMSF Association’s Pre-Budget Submissions – simplify super TBCs & TSB caps; NALE; index SB CGT thresholds; non-geared unit trust rules; and unused concessional cap
The SMSF Association has released its 2022-23 Federal Budget submissions, including a call for the simplification of transfer balance caps (TBCs); the number of total super balance (TSB) thresholds to be reduced; indexation of key small business CGT concession thresholds; redrafting of the non-arm’s length expenditure (NALE) rules; compliance relief for minor breaches by non-geared…