A recent Private Binding Ruling issued by the ATO (PBR 1051209890341) has held that an entity established in Liechtenstein as a Stiftung (aka Foundation) was to be treated for Australian tax purposes as a resident tax estate.
PBR
Tax problem for an SMSF-related party: 0% interest rate, 100% LVR, no regular payments etc – ATO issues PBR
The ATO has recently released a Private Binding Ruling (PBR) indicating that a related party loan to a SMSF at a 0% interest rate triggered significant tax problems.
SISFA is an association that has represented the interests of the self managed superannuation fund (SMSF) sector for over two decades and is the original SMSF industry body solely representing all participants in the sector including administrators, accountants, auditors, lawyers, actuaries, advisers and of course, trustees.