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So the property will have to be valued in 2024, this figure will then be the starting point for calculating the CGT?

Not complaining, asking the knowledgably people on here to explain to us "simple folk" What I do understand is currently there is no CGT on assets sold once in a pension phase of a SMSF, if the current changes go through there will be :) to date I have learned that this will be taxed at 10% if...

So if you retire in 12 years time, how is the CGT calculated?

That's a very good point you make Geoff!

Maybe they can use some of the 17 Billion in lost super that the ATO have now got more access to. I believe a gain of 675million over a 4 year period due to recent changes and yes due to me being slack the ATO have kindly been looking after some of my super over the last 6 months. ps being...

My whole point was about CG on assets being sold. No I dont think you should pay tax on a gain once retired. Regarding the "cheap vote" and "unsustainable and irresponsible" I always believed the tax incentives were introduced to encourage you to save, then hopefully you wont be a burden on...

It is a good rate, but not as good as the current pension phase rate which is zero.

So this new law is meant to hit the wealthy? I'm definitely not in the top bracket of income earners but could achieve the above example.

I have read the whole thread looking for an answer to this question (it was asked but no reply) If myself and partner start a SMSF today (both 46) use our $200,000 of current super as a deposit on an invest property for the fund, house valued at $600,000. Over the next 15 years we pay the...