Can an asset be left in an LRBA bare/holding trust once the loan is paid off? The short answer is probably going to soon become yes. I will explore this fully in this article. In exploring this, a very critical tip for advisers emerges: it is vital that the deposit is paid from a bank [read more]
Establish a new SMSF
Order online now. Includes the necessary documents to establish your self managed super fund.
By Daniel Butler, Director, and Bryce Figot, Director, both of DBA Lawyers The ATO has confirmed that contribution reserving is a viable strategy. The ATO has issued an interpretative decision (‘ID’) ATO ID 2012/16 relating to contribution reserving up to 30 June 2013 and a tax determination (‘TD’) TD 2013/22 in respect of contributions made [read more]
In taxation ruling TR 2010/1 the ATO consider what is a contribution to a superannuation fund and when a contribution is made. A recent court case, Liwszyc v Commissioner of Taxation  FCA 112, answers the question of whether the ATO actually got it right in TR 2010/1. Liwszyc v Commissioner of Taxation also contains [read more]