Trustees trapped in nightmare of new expense rules
What is being forgotten is that the goal behind the change was to target SMSFs that enter borrowing arrangements with...
What is being forgotten is that the goal behind the change was to target SMSFs that enter borrowing arrangements with...
The SMSF industry breathed a small sigh of relief after the release of the latest general expense NALI rules. While...
With the penalty unit increasing from $313 to $330 in proposed legislation, SMSFs need to be extremely careful as this...
The start of July ushered in a raft of changes that impact agents and small businesses.
There are significant advantages that can result from making a voluntary disclosure including the potential to rectify and minimise penalties...
The ATO has updated its website to reset the expectations of taxpayers who have restructured a MLP and are waiting...
On Monday 19 June 2023, Treasury released an exposure draft to alter the non-arm’s length income (NALI) laws.
In January 2023 Treasury proposed a lower than arm’s length (or nil) expense (NALE) be multiplied by five.
Being able to carry forward unused annual concessional contributions (CCs) cap amounts since 2018–19 provides some much-welcomed planning opportunities, especially...
Just do the sums. At 31 March 2023, ATO figures showed SMSFs holding $88 billion in commercial property, representing slightly...