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Regulatory

American IRAs not super funds

A ruling by the Administrative Appeals Tribunal says, for Australian tax purposes, an American Individual Retirement Account (IRA) is not a superannuation fund.

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Read more: IRA,  Australia,  Superannuation,  Commissioner,  American Individual Retirement Account,  Taxation,  Michael Hallinan,  Australian Administrative Appeals Tribunal,  AAT,  Baker,  Division 305,  Frank O'Loughlin,  Income Tax Assessment Act 1997,  Regulatory,  Townsends Business & Corporate Lawyers