Townsends Lawyers Business Law Brief Newsletter – April 2016

Getting that related party loan back on track It’s about 2 months away from the 30 June 2016 deadline the ATO has set in relation to fixing any non-arm’s length related party loans advanced for limited recourse borrowing arrangements. Key assets and estate planning considerations for businesses This article discusses some of the key estate […]

Related Party Loans to SMSFs “Show me the money”

Related Party Loans to SMSFs: “Show me the money”: Townsends Business & Corporate Lawyers No proper loan → no actual borrowing → no in-house asset → non-compliant Journal entries or set offs clearly do not meet the requirements of a loan Townsends Lawyers are finding that some trustees are ignoring the rules on SMSF borrowing […]