With many baby-boomers dreading the prospect of going into an old-folks home, house-sharing may look like the answer.
ATO
SMSFs must transact at arm’s length
This article provides an explanation of the arm’s length dealing concept, drawing upon provisions in relevant legislations, ATO Rulings and published information.
Intermediary LRBA – ATO approves new loan structure
Despite all the criticism of LRBAs the ATO has seen fit to give the industry a new lending approach in the form of an intermediary LRBA.
Costly self-managed super funds? Are they right for me?
It has been a heated month in self-managed super fund (SMSF) land. The Australian Securities and Investment Commission (ASIC) started the ball rolling with a fact sheet that stated SMSF trustees spend on average 100 hours a year managing their SMSFs and that the average cost of running an SMSF is $13,900 per annum.
Succession planning for private companies
For those wanting to ensure that a particular family member becomes the director of a family company when the current director passes, it’s a minefield.
Is your SMSF the next Donald Trump?
The current US President used to be a property developer. Many SMSFs want to follow in his footsteps. Unfortunately, they are a lot more hamstrung in doing so than he was. Jeff Song from Townsends Lawyers explains.
ATO concerns with SMSF property development
The ATO has issued SMSFRB 2020/1 (“SMSFR”) to highlight its main concerns in relation to SMSF property development.
Can rent relief granted by a landlord SMSF amount to a breach of superannuation law?
Donald and Melania have an SMSF that owns several properties.