An SMSF is predominantly making financial supplies the provision of an interest in a super fund. Financials supplies are a category of input tax supplies. SMSF and GST.
SMSF Featured Posts
The Family Court can make orders in relation to the property of the parties to a marriage under Pt VIII FLA (Family Law Act 1975). The parties to a marriage can also make financial agreements about the division of their property under Pt VIIIA FLA. Prior to 28 December 2002, superannuation interests could not be […]
SMSF Compliance Risks: compliance traps to watch out for in the 2018//19 financial year. TBAR, NALI, LRBA, downsizer contributions, ECPI, depreciation.
From 1 July 2017, second-hand assets in residential properties are under new depreciation rules. In the past, when an SMSF purchased a used residential property, the fund could claim Div 40 deductions for existing furniture and fittings; under the new rules, Div 40 deductions are most likely denied for these assets. However the new rules […]
There are advantages in a cost base lift to create a deemed capital gain. What about CGT Relief deemed losses? Are there benefits to reset
The death of a member is a “compulsory cash event”. Super death benefits must be “cashed” as a lump sum or as a pension, or a combination of the two.