This month we step through the newly enacted Division 296 superannuation tax—what it means for those with large super balances, how it will operate in practice, and the planning opportunities now available.

We also bring a clear message for business owners and high-wealth individuals: long-standing assumptions are being tested, with the ATO and courts setting new benchmarks for compliance, valuation and planning.

We look at the SEPL decision and why it’s a timely warning for family businesses relying on informal arrangements that blur the line between ownership and employment. The Full Federal Court’s judgment in Kilgour offers fresh guidance on how the “market value” of assets is really determined in business sale transactions, with important implications for accessing the small business CGT concessions. We also unpack the ATO’s escalating focus on work vehicle FBT issues, where misunderstood exemptions and poor record-keeping are driving significant audit activity.

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