Articles
Is General Expense NALI Material?
The SMSF industry breathed a small sigh of relief after the release of the latest general expense NALI rules. While…
Navigating Disqualified SMSF Trustees
Navigating disqualified SMSF trustees can be challenging because there are many moving parts to deal with. As the number of…
Dealing with ATO Rectification Directions
Receiving an ATO rectification direction for a compliance breach may seem like winning at the casino, especially when the alternative…
Is an Overpaid Present Entitlement a Borrowing?
When an SMSF receives an overpaid present entitlement, the first question is whether it represents a borrowing. There is a…
ATO Softens Market Valuation Guidelines
The ATO has released softened market valuation guidelines providing a new approach for SMSF trustees and auditors. There is a…
How to Pass the Business Use Test
There is no study guide available on how to pass the business use test. The facts are that business real…
The Compliance Impact of SuperStream
While the teething problems continue, the compliance impact of SuperStream depends on whether the SMSF is the transferring or receiving…
How To Legally Acquire Assets from a Related Party
Legally acquiring assets from a related party seems almost too good to be true, especially when s66 SIS forbids it….
Is an NFT a Collectable and Personal Use Asset?
The ATO has remained silent on whether a non-fungible token (NFT) is a collectable and personal use asset (“collectable”) or…
What If There’s No Comparable Sales?
The ATO requirement to include comparable sales in a kerbside valuation for property held in an SMSF result in delays….