Monthly update, August 2021

In this month’s edition

With reforms to superannuation – including for SMSFs – on the horizon, our leading article covers what’s coming, including more accountability for funds and flexibility for super holders.

We’ve got two articles to help you understand how trusts work: ‘Trust distributions’ goes through the different roles involved in a trust, while ‘Trust losses’ explains what constitutes a family in the context of a family trust election.

If you’re one of Australia’s two-million-plus rental property investors, our article on capital works deductions is a must-read, and if you’re among the 90% of Aussies who participate in a rewards program, our final article clarifies some of the rules that apply to your points collection.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.