Articles
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…
ATO Targets SMSF Property Schemes. Again.
Once again, the ATO has targeted SMSF property development schemes that divert profits of a property development project to an…
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…
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….
The Real Purpose of Business Real Property
The answer to whether a property meets the real purpose of business real property (‘BRP’) is “it depends”. A complete…
Related Party Property Development Concerns
In this first article of our four-part series on SMSFs and property development, we focus on related party leases and…
Here’s How SMSF Auditors Will Deal With Rent Relief
The ramifications of COVID-19 will affect SMSFs for many years. One of the financial impacts is that an SMSF may…
Uncertain SMSF Asset Values Under COVID-19
One of the biggest sleepers from the impact of COVID-19 is uncertain SMSF asset values. For the first very time,…
What Happens Once an LRBA is Paid Out?
While paying out a limited recourse borrowing arrangement (LRBA) can free up cash and finally bring in some additional income…