When is smsf tax due

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Team Intello. Payment if required is also due on this date. Most SMSF returns must lodge their return by this date unless an extension is granted. It is not available toS MSFs with an earlier due date. How much does it cost to wind up a SMSF? What is the SMSF tax return due date?

When is the SMSF tax return due date ? Recent Posts:. Simple tips to build a free new-client-magnet. October 6, Share this post. Please note that if the tax office has given you a different date to lodge by, disregard this list. This concession is only allowed with super funds with the due date of 15 May. ABN 24 This document contains general advice only and is not personal financial or investment advice.

Also, changes in legislation may occur frequently. For your first year the due date will be 28 February. If your SMSF is reviewed by us at registration, your first year return due date will be 31 October even if it is prepared and lodged by a tax agent.

We will notify you if this is the case. If a due date falls on a weekend or public holiday you can lodge or pay on the next business day. An SMSF is not legally established until the fund has assets set aside for the benefit of members. Our systems will not accept an annual return for an SMSF that has no assets or no closing member account balances, unless the return is for the year in which the fund is wound up. If an SMSF does not have assets set aside for the benefit of members in the first year it was registered, you can ask us to either:.

If you're a tax agent you'll need to use the Online services for agents mail option, select Superannuation as the topic, and choose from the following mail subjects:. RNNs for subsequent years will only be granted in limited circumstances and where the fund provides documentary evidence of the date assets were first held by the fund, for example the SMSF's first bank statement. When an SMSF that has previously advised a return was not necessary is legally established and needs to lodge a return for the first time, the due date of the first return lodged by a tax agent will be 28 February.

To amend your SAR you need to resubmit the whole return.