Self Managed Super Funds

Forced to Unwind Your Limited Recourse Borrowing Arrangements?

By Warren Kruger / December 9, 2017 / 0 Comments

Limited recourse borrowing arrangements (LRBAs) were once all the rage in SMS land, However, with the tightening of banking rules this frenzy has begun to abate somewhat over the last few years. LRBAs are great in a growing market as they allow an SMSF to grow the value of assets it holds in the expectation […]

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SMSF stats just keep getting better

By Warren Kruger / September 19, 2017 / 0 Comments

The ATO has recently released the latest of what has become a regular update on the state of the SMSF market. The Self-managed super fund statistical report, with the latest covering the quarter to March this year, has become an anticipated overview for many in the SMSF arena — containing as it usually does some […]

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Treasury Amends LRBA Requirements For SMSFs Again

By Warren Kruger / September 5, 2017 / 0 Comments

As if the new transfer balance cap rules were not complicated enough, the government has passed legislation that complicates it further where an SMSF starts a limited recourse borrowing arrangement (LRBA) from 1 July 2017. Treasury was concerned that some trustees would try to get around the $1.6 million transfer balance cap (TBC) through the […]

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Tax Deductions Specifically for SMSFs

By Warren Kruger / August 10, 2017 / 0 Comments

One overarching fundamental that SMSF trustees should ideally keep in mind is the sole purpose test – that is, every decision made and action taken is required to be seen as being undertaken for the sole purpose of providing retirement benefits for the fund’s members. lf an SMSF trustee incurs an expense in the usual operation […]

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The Transitional CGT Relief Measure and Your SMSF

By Warren Kruger / June 10, 2017 / 0 Comments

Transitional capital gains tax (CGT) relief is temporary relief available to all complying superannuation funds, not just SMSFs, for certain CGT assets that would otherwise give rise to a taxable capital gain through the necessary efforts to comply with the new transfer balance cap and new conditions to be applied to transition to retirement income […]

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SMSFs And The In-House Asset Rules Explained

By Warren Kruger / March 6, 2017 / 0 Comments

A not-uncommon conundrum for many SMSF trustees is what to do when the fund is found to have breached the in-house asset rules. There are also some common misconceptions about these regulations that keep resurfacing. WHAT DOES THE ATO SAY IN RELATION TO THE IN-HOUSE ASSET RULES? Recent ATO statistics on the SMSF sector show […]

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