I understand from previously asked questions that when you're rolling over to another superfund the rollover amount is not assessable income. No tax is payable unless the rollover contains an untaxed element of a taxable component.
I understand that this means the receiving superfund pays no tax. My question is that if sending superfund has to sell assets (e.g. shares) will that be treated by the sending superfund as gains that will be taxed. The sending superfund is a SMSF.
And if it is taxable for the sending SMSF, will doing an in specie transfer avoid it being taxable?
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244 views
1 replies