Introduction A common strategy implemented by business clients is to acquire business real property (usually the premises from which their business is run) via their SMSF and then lease this property to a related party. Borrowings are often used to finance the acquisition. The above is typically a standard transaction. However, where the complexity arises [read more]
Establish a new SMSF
Order online now. Includes the necessary documents to establish your self managed super fund.
Introduction As certain SMSF limited recourse borrowing arrangements reach completion, many are unsure how the arrangement should finish. There are a number of steps involved in weighing up options and strategy, as well as in documenting and carrying out the process. Note that this article deals with the situation of where a borrowing has been [read more]
The ATO has released taxpayer alert TA 2014/1. It describes trusts that engage in property development and questions whether the proceeds are on capital account or rather on revenue account. However, there is something that the taxpayer alert does not state: the alert broadly has no application for an SMSF! Consider an SMSF that runs [read more]