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?
safe harbour guidelines
SUPERCentral News – Issue 141 April 2016 – SPECIAL EDITION
LRBAs at Sea and in the (safe) Harbour The ATO issued on 6 April 2016 what it termed “practical compliance guidelines” in relation to limited recourse borrowing arrangements (LRBAs). These guidelines are referred to as “safe harbour” guidelines. Six Important Points Six important points need to be made in relation to the guidelines. What are […]
ATO guidelines on safe harbour for related party LRBAs
The ATO has issued its Practical Compliance Guidelines as to what constitutes a “safe harbour” for related party LRBAs. The Guidelines provided guidance only in relation to real property LRBAs and listed shares/securities LRBAs.
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