Managing a self-managed superannuation fund (SMSF) in Australia involves grappling with the intricate and evolving taxation and superannuation landscape. One pivotal determinant of SMSF compliance is passing the residency test – a litmus test for eligibility to access favorable tax rates. In this article, we dive into the nuances of the SMSF residency test and its implications, shedding light on its complexity and impact on SMSF trustees.
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