Robert and Mary want their SMSF to buy a B&B which they’ll run until their retirement.
LRBA
Selling member’s business real estate into SMSF
Townsend Lawyers’ Jeff Song explains that the strategy of selling your business real estate into your SMSF, though perhaps not quite as attractive, is still viable.
Loans under Division 7A and the ATO’s Safe Harbour guidelines
A limited recourse loan by a member’s family trust to their SMSF might be a Division 7A loan. Can the loan comply with all the rules if it is in fact both types of loan?
Related party loan to SMSF – when is a loan not a loan?
John is the sole member of his SMSF and is the sole director of the fund’s corporate trustee. After seeking financial and tax advice on the benefits of owning a property in his SMSF, John decides to sell his investment property valued at $1m to his SMSF.
New LRBA rules to apply after 1 July 2018
A new piece of legislation giving effect to proposed measures announced during the 2018 Budget in respect of limited recourse borrowing arrangements (‘LRBA’) is currently being discussed by Parliament.
Borrowing by SMSFs is under attack
Changes to APRA standards have moved the goal posts for SMSFs borrowing to buy real estate. The problem is we’re late in the second half.
The next two months may be last golden opportunity for LRBA
The Government is proposing the introduction of new measures that will impact all Limited Recourse Borrowing Arrangements (LRBA) entered into or after 1 July 2018.
Further developments on double stamp duty provisions
Last year in September we wrote about changes to section 18 of the NSW Duties Act which appeared to provide more flexibility to SMSFs borrowing to buy investment property and entering into Limited Recourse Borrowing Arrangements.