COVID-19 rent deferral IHA relief

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The ATO has issued draft SPR 2020/D2 which when registered will exempt SMSFs that allow a rent deferral to a related party tenant from the in-house assets (“IHA”) provisions in... Read more continue reading

Five traps for SMSFs buying off-the-plan

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John and Mary are looking to acquire an off-the-plan property through their SMSF. They need to consider the five following points. 1. Purchaser named on the contract It is important... Read more continue reading

Seamless SMSF appoints former Deloitte Partner

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SMSF administration and audit firm Seamless SMSF has hired former Deloitte Partner and Engage Super Audits CEO and founder Jo Hurley (Jo Heighway) to bolster its sales team. Ms Hurley... Read more continue reading

Costly self-managed super funds? Are they right for me?

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It has been a heated month in self-managed super fund (SMSF) land. The Australian Securities and Investment Commission (ASIC) started the ball rolling with a fact sheet that stated SMSF... Read more continue reading

SMSFs and retirees should look at ‘all weather’ investing to avoid diabolical outcomes

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Every time the markets collapse, there is a particular group of investors that is hit the hardest. The reason why is that this group of investors don’t just lose a... Read more continue reading

ATO concerns with SMSF property development

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The ATO has issued SMSFRB 2020/1 (“SMSFR”) to highlight its main concerns in relation to SMSF property development.  It is comprehensive and traverses structuring, investment rules, NALI and the anti-avoidance... Read more continue reading

Plan B: SMSF pension strategies during the COVID-19 recession

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Investment values have nosedived but an SMSF is still required to pay the minimum pension amount – Townsends Lawyers believe it’s time for Plan B. Retirement is supposed to be... Read more continue reading

SMSFs selling geared equities which the Fund borrowed to buy

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If your SMSF can’t hold on any longer and must sell a parcel of shares or units which it borrowed to purchase, there are compliance issues which must be remembered,... Read more continue reading

What trustees need to consider in closing an SMSF

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What do trustees need to consider when winding up an SMSF? Mary is the sole member and one of two individual trustees of her SMSF – the other being her... Read more continue reading

SMSFs driving non-bank lender raising

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A slowdown in growth for the big four and regional banks is being offset by investor interest in the burgeoning growth of non-bank lenders. This is evident in the recent... Read more continue reading