LRBA Property Development Catch-22

LRBA Property Development Catch-22

In this second article of our four-part series, we look at the compliance issues surrounding property development and LRBAs. One of the concerns outlined by the ATO in SMSFRB 2020/1 is SMSFs investing in property development through an LRBA. And while an LRBA can be...
The Pitfalls of Property Valuations – Part 3

The Pitfalls of Property Valuations – Part 3

Unless an SMSF has invested in property through a limited recourse borrowing arrangement (LRBA), the fund is prohibited from borrowing under s67 SIS. The most common way to verify a borrowing is to review the results of a property title search and see whether there...
The Pitfalls of Property Valuations – Part 2

The Pitfalls of Property Valuations – Part 2

Property development in an SMSF encompasses many activities that range from the renovation and re-lease of existing buildings to the purchase of vacant land for development. It’s not impossible to obtain a valuation for a partly completed property development as the...