Articles
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…
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…
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…
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…
Getting NALI – Part 2
In the last part of our series on NALI, we discuss SMSF Trustee capacity and how to apply the new…
Getting NALI – Part 1
It’s safe to say that the SMSF industry was never going to sanction LCR 2021/2 (“the LCR”) in any form. …
The Property Development Path Leading to NALI
Part 3 of our series in property development looks at the tax implications of not undertaking transactions on commercial terms….
New Rules Turn NALI Into Gnarly
The government has recently passed legislation to reduce the ambiguity surrounding the effect of non-arms length expenditure (NALE) on SMSFs. Where a fund incurs less (or nil) expenditure by participating in a…