Articles
Navigating SMSF Property Compliance
Property investment within SMSFs remains a popular strategy for building retirement wealth. Navigating SMSF property compliance, however, requires a holistic…
How A Contribution Can Trigger NALI
The ATO has clarified how a contribution can trigger non-arm’s length income (“NALI”) in its latest draft taxation ruling on…
ATO Targets SMSF Auditor Independence
The ATO is targeting SMSF auditors who continue to defy the independence rules. As part of its risk assessment program,…
The True Impact of Incorrect Market Valuations (Part 2)
Compliance Breaches Acquisition of Assets from Related Party Some exceptions allowed under s66 enable an SMSF to acquire assets from…
The True Impact of Incorrect Market Valuations (Part 1)
Is near enough good enough when valuing SMSF assets at market value? Not according to r8.02B SISR, which requires SMSF…
Does A Declaration of Trust Satisfy r4.09A?
While separation of assets remains one of the most reported contraventions by SMSF auditors, the question is: does a declaration…
Managing SMSF Expenses to Avoid NALI
Managing SMSF expenses with diligence and care is the first step to avoiding general expense NALI. While NALI is a…
Solving the In-house Asset Compliance Maze (Part 2)
Applying the In-House Assets Rules The interaction between the IHA rules and Part 8 of SIS underscores the legislation’s holistic…
Solving the In-House Asset Compliance Maze (Part 1)
Solving the in-house asset (IHA) compliance maze is complex due to the legislation that applies to IHA breaches. The core…
Absence of a Related Lease on In-house Assets
Does the absence of a related party lease arrangement impact an SMSF’s in-house assets ratio? While many accept that business…