The Australian Financial Review --- Page: 41 : 12 January 2008 Original article by John Wasiliev
LexisNexis Summary
Trustees of do-it-yourself (DIY) superannuation funds should be familiar with how fund expenses are taxed. Such knowledge will encourage trustees to assess means of using the management of costs to bolster the fund's performance. It can also reduce the likelihood of errors that could cause problems with the auditor of the fund or the Australian Taxation Office. Tim Miller, of Cavendish Superannuation, notes that tax deductions cannot be claimed on the majority of the costs associated with setting up a DIY fund. He reports that property valuation costs can be deducted.
