SMSFs: Can all income be NALI?
Tony Zhang
One key criticism of the draft Law Companion Ruling 2019/D3 (Draft LCR) is the breadth of the ATO’s view in relation to the “nexus” re
One key criticism of the draft Law Companion Ruling 2019/D3 (Draft LCR) is the breadth of the ATO’s view in relation to the “nexus” re
In the advent of the increase from four to six members in SMSFs, disputes are likely to arise in the fund and the complexities in expelling
Earlier today, the Administrative Appeals Tribunal (Tribunal) handed its decision in Coronica and Commissioner of Taxation (Taxation) [2021]
The ATO has updated its guidance on navigating COVID-19 LRBA relief complexities in consideration of Division 7A rules and the processes in
With an increasingly litigious super environment, advisers need to take a more holistic approach when dealing with SMSF estate planning, say
The extension of measures enabling SMSF corporate trustees to electronically execute documents has suffered a setback, with proposed legisla
Having an uncertain form of an SMSF trust deed could cause major uncertainties when approaching the court, as it can create deeper administr
A solicitor and co-founder of a boutique practice has been reprimanded, fined and ordered to undertake further education for causing a trust
SMSFs should consider a more flexible approach over the traditional strategy of certainty when drawing up SMSF death benefits, with this lik
One of the main advantages of a testamentary trust (TT) set up under someone’s will is that the terms can be drafted such that they compl
There is an increasing number of SMSFs that invest in 50/50 unit trusts. That is, an SMSF has a 50 per cent interest in a unit trust, with
Courts will find it increasingly challenging to determine the aftermath of the SMSF split in the event of uncertainty as complexities will c
A withdrawal and recontribution strategy could permit a member to transfer a material part of their SMSF to a non-dependant who would not or
When establishing a unit trust, consideration of legal risks and liabilities is often overlooked. As a general principle of law, the truste
SMSFs have been urged to give consideration to managing control in a trust as part of estate planning to avoid potential future disputes.
The practical administrative nature of dealing with breaches for non-geared unit trusts (NGUT) is causing unnecessary costs and is impractic
SMSF professionals will need to consider a more robust and particular trust deed to protect against a rapidly growing superannuation litigat
With the new foreign surcharge laws in NSW for discretionary trusts now in effect and also applying to trusts that no longer exist, clients
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