Timeframe for amending SMSF returns

Lesley Mitchell

• 11 July 2025 00:20

I have read that SMSF's have 4 years in which to amend an income tax return but in another article I read this only applies for FY 2025 tax returns only. Earlier tax returns only have 2 years in which to amend. Does anybody know?

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• Official comment

  

  Andre Jones

  • 15 July 2025 23:55
  • Edited

  Hi Lesley,

  Thanks for taking the time to post in the community.

  You're right, SMSFs have a 2-year amendment period for returns up to and including the 2023–24 financial year.

  From the 2024–25 financial year onwards, this period has been extended to 4 years.

  The change comes from new legislation that took effect on 1 July 2024, which extended the amendment period for eligible taxpayers, including SMSFs.

  You can read more about the update on the ATO’s website:
  Changes to income tax return amendment period for business

  Feel free to reach out if you have any other questions!

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