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Categories | Limited recourse borrowing arrangements

If this fridge is also listed in the contract, it could cause a problem

Trap for SMSF borrowings — chattels, goods, LRBAs and SMSFR 2012/1!

A regulated super fund trustee can borrow, but only subject to very prescriptive rules. One such rule is that each ‘single’ asset must be purchased with a separate limited recourse borrowing arrangement. (See, among other things, SMSFR 2012/1.) Accordingly, if a super fund trustee wants to borrow to buy two assets, this might well be [read more]

International issues facing SMSFs today

International issues facing SMSFs today

This article outlines some of the key international issues facing SMSFs today and addresses the practical skills necessary to ensure that these matters are handled effectively. SMSF residency SMSFs are generally not appropriate for people who spend extended time overseas. Such funds can easily lose their complying status and suffer significant tax penalties. Residency requirements [read more]