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.
SIS Act
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.
SMSF landlords and offering rent relief
A hot topic for SMSF trustees during the COVID-19 crises is whether SMSF trustees that hold land can offer rent relief to their tenants, in particular to related tenants, without breaching the superannuation laws.
Covid-19 rent relief – a practical checklist for SMSFs
The ATO has announced that their compliance approach for the 2019-20 and 2020-21 financial years is that they “will not take action if an SMSF gives a tenant (even if a related party to the fund) a temporary rent reduction, waiver or deferral because of financial effects of COVID-19”.
SMSF owning property jointly with another entity
Thinking of your SMSF co-owning residential real property with a non-related entity? There are important super compliance and contract considerations that arise which must be considered.
How to give your superannuation death benefit to a non-SIS dependant
So, you want to give your super death benefit to someone who is not your spouse, child or financial dependent? Perhaps it’s your neighbour’s son? Peter Townsend from Townsends Law knows how.
Jumbo SMSFs and individual trustees
While the Morrison Government is proceeding with its proposal to permit Jumbo SMSFs with 5 or 6 members, will Jumbo SMSFs have to have a company as trustee?
No joy in pulling the ATO’s tail
An SMSF trustee who objected to an ATO determination about a breach of a trustee’s covenant found himself disqualified as a trustee.