If you don't have an 'arm's length' SMSF loan, you're likely to be in for a huge tax bill! Introduction The ATO have released a private binding ruling suggesting that... read more →
Sole purpose corporate SMSF trustees have been touted as superior for many years. While the ‘old’ reasons for having one still ring true, recent legal news and ATO policy make... read more →
In taxation ruling TR 2010/1 the ATO consider what is a contribution to a superannuation fund and when a contribution is made. A recent court case, Liwszyc v Commissioner of... read more →
The ATO recently released an important draft tax ruling TR 2013/D7 (‘D7’) that focuses on the apportionment of expenses incurred by a superannuation fund where a fund derives both assessable... read more →
Many do not realise the extent of the disqualified person provisions in the Superannuation Industry (Supervision) Act 1993 (Cth) (‘SISA’). This can result in a person inadvertently acting as trustees... read more →
Sheltering in Bornstein’s ‘perfect storm’ — excess contributions tax crisis averted Abstract: the successful outcome in the excess contributions tax matter of Bornstein has allowed comparisons to failed attempts in... read more →