The super-sized SMSFs and tax

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Key points

  • Estimates put the Don Argus SMSF at around $20 million
  • There are thousands of SMSFs with more than $10 million in assets
  • It’s unlikely the current government would consider more tax on SMSFs

 

The case of the Don Argus super SMSF versus the ATO provides a glimpse of the potential amounts involved in SMSFs – and at a time when there are calls to “clamp down on superannuation concessions.”

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