Can’t afford to get on the home ownership ladder? Many young people are choosing to rent while investing in property with their self managed super fund (SMSF), rather than struggling to get onto the home ownership property ladder. It offers an investment that usually suffers fewer...
Options are just investment contracts with an obligation to pay based on an underlying share price. Options are used as part of hedging strategies and that's where ATO ID 2009/110 is relevant. To put it "simply" the Subdivison 295-B of ITAA 1997, overrides other parts of the...
[caption id="attachment_5203" align="alignnone" width="300"] Involve Trustees in their investment strategy[/caption] CPA Super Update yesterday raises the question I keep asking myself - Why do accountants do all their clients SMSF administrative work? Is it for efficiency or a lack of understanding from Trustees? In a recent speech,...
Self-Managed Superannuation Funds (SMSFs) are allowed to borrow (refer s67(A) SIS Act), when the ‘single’ asset purchased is held in trust until the loan is repaid by the SMSF, and the asset is then transferred from the trust to the SMSF. A Limited Recourse Borrowing Arrangement...
TA 2012/7: The ATO has become aware that certain arrangements entered into by self managed superannuation funds (SMSFs) to acquire property do not comply with superannuation law. The purpose of this Taxpayer Alert is to warn SMSF trustees and advisors to exercise care; ensuring any arrangements...
On 7th August 2012 the Government's Stronger Super reforms introduced two key changes to SIS Regulation 4.09 i.e. Investment Strategies effective for the 2012/2013 year and onwards. Trustees of SMSFs must now consider: 4.09(2)(e) "whether the trustees of the fund should hold a contract of insurance that...
Measures introduced on 7 August 2012 are part of the suite of measures announced within Stronger Super. These measures mean that you, as trustee of an SMSF, are: ** required to conduct a review of the fund's investment strategy on a regular basis ** required to consider...