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Not all contributions can be in-specie: legal specialist
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Financial advisers won’t get any relief from the $20 million sub-sector cap, however, the revised estimate for the 2025–26 financial year is down to $67
A recent private binding ruling has said that a lump sum in specie transfer to a trust received after the death of a ...
The SMSF Association said the warning from ASIC regarding “pushy sales tactics” is a timely reminder to the industry ...
Calculating Division 296 tax could be complicated for an SMSF member with a legacy pension that has not exited under the ...
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There are some potential solutions for clients who jump the gun with SMSF property investing
The scenario
Saturday morning: your clients, James and Marie, armed with some awareness of SMSFs attend an auction.
They are convinced the property will make a perfect investment for that SMSF they keep meaning to set up. They make the winning bid.
They then sign the contract and hand over a personal cheque for the deposit. On Monday morning, James and Marie call you requesting an SMSF be set up straight away.
The big issue
Unfortunately for James and Marie, there are some major issues with their ‘I’m sure it will all be fine’ approach to SMSF property investing.
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