ATO Tax Alert on share transfer to SMSF | Risk of jail overlooked

The ATO’s Tax Alert TA 2015/1 states that the Commissioner may apply the dividend stripping provisions in Part IVA to an arrangement where an individual transfers private company shares to a self-managed superannuation fund of which they are a member.  But the ATO has ignored a critical provision in the superannuation law. Facts The Tax … Continue reading ATO Tax Alert on share transfer to SMSF | Risk of jail overlooked