New headaches for NSW property owned by SMSFs

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Amendments made last month to the NSW Duties Act could cause material headaches to super funds holding real estate in NSW. The only remedy for those headaches is good compliance

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Contribution timing errors ‘dire’, says lawyer

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Contribution timing errors have dire implications, a leading financial services lawyer has warned. ‘Now is the time to check and double check those contribution caps,’ says Peter Townsend, principal of

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Renovating property inside an SMSF

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Some investors have misconstrued the ATO’s decision to allow SMSFs to renovate older residential housing. Many have missed the point that renovations can only occur for ungeared property if trustees are

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16 steps for SMSF borrowing

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A typical borrowing by an SMSF has the following steps and the order of these steps is important to minimise any difficulties in completing the transaction. These difficulties can include:

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Can Trio or Storm or Westpoint-type disasters happen again?

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Investors should be warned that Trio and Storm and Westpoint-type disasters could happen again.  Senior finance industry solicitor Peter Townsend welcomed the full report of the PJC on its Trio

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