Self Managed Superannuation Funds & Disposal of Shares

The Tax Office has released an interpretative decision which states that where a trustee of a complying superannuation fund realises losses on the disposal of shares, the losses are to be calculated under the CGT provisions.

Superannuation funds are required to calculate any gains or losses on the disposal of CGT assets (eg shares and units in trusts) using the CGT provisions.

An exception may apply where a CGT asset is a ‘security’. However, the Commissioner notes the definition of a security excludes a share. Therefore, the exception does not apply.