My clients want to use the new 6 member rule for their SMSF to include their 4 children – can they? Should they?
The first question is simple – they can. This legislation has passed and takes effect from 1 July...
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SuperStream & SMSFs - How will the changes impact me?
SuperStream is an electronic gateway used to streamline the process of making superannuation...
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Co-directors and related parties
A friend and I are co-directors of a small private business. Surely we’re “related parties” for...
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Non-arm’s length expenses (NALE) – where are we at?
Historically, the income of a fund has been taxed as non-arm’s length income (NALI) (ie at 45%...
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Costs of educating SMSF trustees
My client is the trustee of an SMSF. He’s unhappy with the performance of the fund’s investments...
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“As soon as practicable” – what does that mean in practice?
My client recently died. I know superannuation death benefits need to be dealt with “as soon as...
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Directing a super benefit to someone else
My client’s SMSF owns a number of properties. The members are aged in their 70’s and want to gift...
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Transitional CGT relief
This deferred tax provision is a result of the 2017 super reforms when the transfer balance cap and...
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Delays in SMSF registrations and compliance status
My clients applied to register their new SMSF and get an ABN a month ago but it still hasn’t come...
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Year End Timing of Contributions
My clients want to ensure their superannuation contributions are tax deductible this year. When do...
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Understanding the complexities of untaxed elements
My client is about to rollover an “untaxed element” into his SMSF. Where did it come from and what...
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Could rent deferrals cause in-house asset issues for SMSFs?
My client’s SMSF owns business real property which it leases to a related party. The related party...
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