A self-managed superannuation fund holding the property in its pre-retirement phase. Earnings taxed at 15%, long-term gains effectively at 10% (1/3 discount under s 115-100(b)).
Subject to the sole-purpose test, limited recourse borrowing rules, annual audit and contribution caps. The proposed Division 296 adds 15% additional tax on the portion of earnings attributable to a Total Super Balance above $3M from 2026-27.