Aligning SMSF Compliance with COVID-19

Aligning SMSF Compliance with COVID-19

The ATO has published answers to a number of frequently asked questions relating to the impact of COVID-19 on SMSFs –  ATO COVID-19 FAQs Rent Relief for Related Parties One of the most common questions is whether a related party tenant can receive a rent...
How to Pass the Sole Purpose Test

How to Pass the Sole Purpose Test

Making sure an SMSF passes the sole purpose test (“SPT”) is one of the cornerstones of operating a compliant SMSF. One of the most important things to understand is that it’s not the type of investment dictating whether the SPT is met, but rather the purpose for which...
The Ugly Truth of Super Reform

The Ugly Truth of Super Reform

The current era of unprecedented SMSF technological change has overwhelmed many SMSF advisers. And as we’re constantly being told to adapt or get left behind, how does that translate into everyday practice? The ugly truth is that Super Reform will force SMSF advisers...
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...