Jane & Sam are both in their forties and have had their SMSF for several years and have accumulated a diverse portfolio in property and shares.

Upon taking over their account, we conducted an audit on prior years returns and picked up some issues specific to a share evaluation. Jane & Sam felt that something may have been amiss, and we dived deeper to discover that CGT had been calculated incorrectly, resulting in a higher tax bill.

Once we picked up this issue, we conducted a thorough analysis of the disposed asset and concluded where the computational errors had occurred and corrected accordingly. Because we picked this up, we were able to pass on a significant tax benefit to the client.