Superannuation fund with all members in accumulation mode

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Reference no: EM132025801

How much tax would be payable by the Lee Superannuation Fund with all members in accumulation mode which provided the following details for the 2017/18 financial year:

Sale of investments for a gross capital gain of $20,000 that were held for 9 months.

Sale of investments for a gross capital gain of $30,000 that were held for 3 years.

Other assessable income of $100,000.

Allowable deductions of $20,000.

CGT discount for superannuation is 33 1/3 %

Income tax rate for superannuation is 15%

Reference no: EM132025801

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