Did you know a self-managed super fund (SMSF) can borrow money to purchase assets such as property and shares?
SMSF
What to consider when updating SMSF trust deed
If your trust deed was prepared quite some time ago, it may be time to update the governing rules of your SMSF trust deed. Doing so means that you can have peace of mind in knowing that the rules are current.
SMSFs transacting with former spouse, cousins or friends
A question we get from time to time is whether the trustee(s) of an SMSF can enter into transactions such as a loan, lease or another type with a fund member’s former spouse. In this article, we will consider a number of compliance issues with SMSF transactions involving a former spouse.
Where does a company ‘reside’ for tax purposes?
Australia levies tax on its residents. But how can a company ‘reside’ anywhere for tax purposes? And can a company ‘reside’ in Australia if its directors and or shareholders are overseas?
Can an SMSF sell a collectable to a related party?
Can SMSF trustees sell a collectable (artwork) to a relative and does it require a valuation report?
Downsizer contributions – evidence required by the auditor
Bill and Mary have just successfully made downsizer contributions of $250,000 and $290,000 to their Self Managed Superannuation Fund. As the close of the financial year is fast approaching and Bill wants to impress the auditor of the fund with his record keeping, what evidence must he obtain in relation to the downsizer contributions?
SMSFs transacting with former spouse, cousins or friends
A question we get from time to time is whether the trustee(s) of an SMSF can enter into transactions with a fund member’s former spouse whether the transaction is a loan, lease or another type. In this article, we will consider a number of compliance issues with SMSF transactions involving a former spouse.
SMSF trustees should look at upside & downside capture to assess portfolio risk
Simply comparing the success of a portfolio against benchmarks is useful but not sufficient if looking to build sustainably higher returns in a fund compared to the market.