Legislation to apply look-through tax treatment for LRBAs has now been introduced: Tax and Superannuation Laws Amendment (2015 Measures No 2) Bill 2015. This change will apply retrospectively from the start of the 2007/08 financial year. Look-through tax treatment for LRBAs simply means that for income and capital gains tax purposes the existence of the […]
SMSF LRBAs
SMSF borrowing – The bare facts on LRBA trusts from Peter Townsend
It is not recommended that the lender act as the bare trustee in a bare trust. The rights over the property as the lender would likely conflict with the obligations as bare trustee and would erode the bare trust status.
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