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smsf cost

Are SMSF Costs/ Expenses Deductible?

Like other taxpayer entities, a complying SMSF is entitled to deduct from its assessable income any losses or outgoings that are: • incurred in gaining or producing assessable income • necessarily incurred in carrying on a business for the purpose of gaining or producing such income. Expenses that a complying SMSF can deduct include: •…

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