ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...
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The ATO has issued a stern warning to SMSFs with collectible assets ahead of rule changes that come into effect on 1 July this year.
Following the 2010 Cooper Review, the rules relating to ownership of collectibles in an SMSF have been tightened.
Read the full story at SMSF Adviser.