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WangChung

19,116 Posts.

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29/05/25

17:43

Post #: 79240803
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Originally posted by Scott th Ratbag ↑

thats ok for those still under the threshold. but what of those already above the $3Mn cap? how do you get them to downsize to comply?

I would have thought $2Mn to be a suitable cap as it takes only $1.5Mn to provide more than the average wage in revenue without reducing the capital sum invested.

why should a govt provide tax relief, a significant subsidy, when some investors over use SMSF to the point that some have well over $10Mn tucked away earning higher growth with lower tax rate than any investment structure can provide.

even CGT has a giant subsidy through the Howard 50% discount. but I'm not arguing the CGT or NG in this thread.

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Read my second paragraph.
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