SMSF - Client success story
One of our clients is an SMSF 100% in pension phase. We assisted our client with the CGT Relief Cost Base Reset to adopt their investments’ market value as at 30 June 2017 as the new cost base. The difference in the value between the original cost base and the new cost base is eligible for CGT relief. For this client it has resulted in substantial future tax savings on the total notional discounted capital gains of approximately $1.5m.