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New ATO materials suggest non-arm’s length LRBAs = huge tax bill!

Recent ATO materials suggest non-arm’s length limited recourse borrowing arrangements will give rise to huge tax problems. More specifically, the materials suggest income derived can be non-arm’s length income (ie, taxed at 45%) where the LRBA favours the SMSF. This could come as a shock as many have incorrectly said the ATO has previously ‘green [read more]

DBA Lawyers in Asset magazine — The tax trap for super death benefits paid to a deceased estate

This article originally appeared in the March 2014 edition of Asset Magazine (Financial Review). If superannuation death benefits are paid to the estate, a quirk in the law can mean higher tax and increased administration costs. Advisers are well-placed to add value by alerting clients and lawyers to this possible tax trap. Where does a [read more]

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