Articles

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…

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…

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…