Smarter SMSF

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May 22, 2018  

Episode 37 - opportunities with the downsizer contribution rules

May 22, 2018

In episode 37 of the Smarter SMSF podcast, Aaron explores the fantastic opportunities presented by the downsizer contribution rules than commence from 1 July 2018.  Whilst the policy intent and explanatory memorandum appear to design the downsizer contribution rules for those who sell their house to 'downsizer', this in practice in not where the strategy considerations end - rather they simply start with the rules in Section 292.102 of the ITAA 1997 provide far wider scope for downsizer contributions that first thought, with opportunities extending to in-specie asset contributions and more.

Aaron discusses the key conditions of the downsizer rules, the requirements of the fund's deed to allow such contributions, and the strategic opportunities that these new measures present.