Complications arise for SMSF property purchases post-exchange
Sarah Kendell
Complications can arise if a client wishes to structure a property purchase inside an SMSF if they have already exchanged contracts, accordi
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ATO clarifies application of NALI changes
The ATO has released a draft companion ruling to further clarify the application of new non-arm’s length expense rules that are soon to be
Family home pension exclusion should be capped
A leading SMSF service provider has suggested that the family home needs to be better accounted for within the retirement income system, thr
Multi-generational SMSFs require careful consideration
Involving adult children in an SMSF may create more problems than benefits, as there can be tax and administrative consequences to having yo
Guidelines released as ATO ramps up SMSF auditor focus
The ATO has released details of its audit process for SMSF auditors, which will be a key group of focus for the office in the 2020 financial
Self-funding disincentives should be high on retirement probe’s list
A retirement policy advocacy group has highlighted the disincentives that exist in the government’s current system to self-fund a comforta
‘Real crisis’: CPA details $112k cost of providing holistic advice
A staggering $112,000 in registrations, certificates and insurance fees face accountants looking to offer a holistic financial advisory serv
Grey areas in related-party property agreements
SMSFs should seek legal advice before entering into joint venture agreements to purchase or develop property with a related party, as some s
Tax agent’s ‘cavalier attitude’ leads to registration termination
A tax agent who demonstrated a cavalier attitude towards his own tax affairs and the incorrect preparation of over 500 clients’ income ta
Sarah Kendell
Don’t forget your (superannuation) cap
My coat stand at home has a lot of caps on it; baseball caps, old school caps, cricket caps, a memento of the Sydney Harbour Bridge Climb an
ATO diversification probe puts onus on trustees
The ATO’s letters to SMSFs on investment strategy have highlighted the fact that undiversified funds are obligated to explain their invest
ATO opens applications for SG exemption
High-income-earning SMSF trustees with multiple employers will be able to apply from mid-October to gain exemptions from super guarantee con
Government kicks off retirement income review
The government has released the terms of reference for its review of the retirement income system, with the chair of the SMSF Association on
Dixon case could see super taxed in US
A test case involving the son of one of Australia’s best-known SMSF advisers may establish that Australian superannuation funds are taxabl
Auditors on notice to check SMSF assets line-up
Recent case law, combined with the ATO’s recent letter campaign, has underlined the importance of SMSF auditors checking that a fund’s i
ATO avoids big stick with lodgement rules
The ATO is going easy on late-lodging SMSFs by suspending their details on Super Fund Lookup rather than the “big stick” approach of a $
ATO releases new online service updates
The ATO has released a range of updates to its online services for SMSF professionals and trustees, including improved reporting of concessi
Sarah Kendell
Investment strategies: What SMSF trustees must do
This article provides some background and some key points on SMSF investment strategies.
Abbott rekindles SMSF Party plans
Leading SMSF strategist Grant Abbott has rekindled his plans to establish a political party to advocate for SMSF-friendly policies in parlia
Trustee interest in SMSF property transfers on the rise
SMSF trustees are showing increasing interest in transferring ownership of their existing properties into their self-managed funds, but a si
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