On 17 August 2020, ASX listed DomaCom issued a Media Release for the ASX, advising that it had received advice from the ATO that the ‘downsizer’ superannuation contribution concession, can be claimed on proceeds from the sale of partial interest in their home, which can be done using their Senior Equity Release platform. DomaCom lost a ‘in-house assets’ breach case (see related TT article) but that doesn’t seem to have stopped them.

See below for details.

[Tax Month – August 2020]

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