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Date of article: 9 May 2007
Last updated: N/A

SMSF capital gains tax (CGT) roll-over on marriage breakdown

The Government announced that it will introduce legislation to allow one spouse in a marriage breakdown to transfer their entire in specie interest in a self managed superannuation fund to another complying superannuation super (including another self managed superannuation fund), without there being an immediate triggering of capital gains tax.

The amendments will have effect from 1 July 2007.