“Unsatisfactory for all concerned”, an accountants body says of trust ruling.
With the ATO taking a strict stance on borrowings through testamentary trusts and excepted trust income, one law firm says further guidance
The ATO concedes it should have been clearer in the application of section 100A draft guidance on trusts.
The uncertain nature of non-fungible tokens means SMSFs need to closely assess how they will fit into the fund.
With the timeline and outcome of the government’s consultation on non-arm’s length expenditure issues uncertain, SMSF professionals have
Despite the government’s plans to rectify the issues with non-arm’s length income, the ATO will not extend the current relief provided i
SMSF professionals have been reminded to monitor their client’s transition to retirement income streams for potential transfer balance acc
A law firm has highlighted some of the tax traps and vital documentation required where an SMSF buys from a related party under market value
The SMSF industry has welcomed the government’s announcement regarding the amendments to the non-arm’s length income (NALI) provisions b
The ATO has updated PCG 2016/5 to provide clarity on how the non-arm’s length income (NALI) provisions apply to loans that were previously
Encouraging digital businesses means a wholesale change to our regulatory system, the government said.
The government intends to make legislative changes to ensure the non-arm’s length expense provisions operate as envisaged and will soon co
An actuarial provider has highlighted the importance of considering the timing of income and capital losses when making decisions around wha
Colonial First State has highlighted some of the estate planning and spouse equalisation strategies emerging from the recent changes to the
The ATO’s draft guidance on contributions and non-arm’s length income offers some potential “good news” for SMSF clients in employee
SMSFs will need to ensure they follow the correct commutation process or risk breaching cashing rules, said a technical expert.
SMSF clients investing in unit trusts should think carefully about any services they provide to a unit trust trustee, as certain services ma
With employer share schemes growing in popularity, SMSFs have been warned about some of the non-arm’s length issues that can arise where a
The ATO has highlighted various errors it has recently received through SuperStream messaging due to missing data and incorrect information,
Proactively planning for significant CGT events may help clients achieve better results in light of the recent changes to the calculation of
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