Up-to-date, specialised strategy is core component of an SMSF professional’s arsenal. SMSF Adviser analyses and interprets regulatory and legislative changes to ensure the SMSF sector is kept informed on the tips, tools and best practice for serving SMSF trustees.
My client’s SMSF purchased a property via an LRBA in March 2023 by borrowing from a related party. When they took out the loan, they adopted ...
Some clients may choose to withdraw money from super in the next few years to minimise their exposure to the proposed new tax for large ...
Where an SMSF member or related party pays the annual ASIC fee for a corporate trustee, this may give rise to non-arm’s length expense ...
There has been uncertainty as to how the following two provisions interact: the non-arm’s length income (NALI) provisions in s 295-550 of ...
What is being forgotten is that the goal behind the change was to target SMSFs that enter borrowing arrangements with related parties ...
The SMSF industry breathed a small sigh of relief after the release of the latest general expense NALI rules. While not quite the outcome ...
With the penalty unit increasing from $313 to $330 in proposed legislation, SMSFs need to be extremely careful as this results in most ...
The start of July ushered in a raft of changes that impact agents and small businesses.
There are significant advantages that can result from making a voluntary disclosure including the potential to rectify and minimise ...
The ATO has updated its website to reset the expectations of taxpayers who have restructured a MLP and are waiting on a commutation ...
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