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Claiming Super Fund Set Up Costs

Posted by Paul Wilson

If your business is a company or a trust you can set up a self managed super fund and the business, if it incurs the costs of the set up, can claim a tax deduction over 5 years for these costs. It is normally better for the business to claim the costs as it is usually in a higher tax bracket than the 15% applicable to superannuation funds.

 

Please seek advice on your particular circumstances before acting on this information.


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