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Alert! – ATO targeting non-arm’s length trust distributions to SMSFs

The ATO has announced they will be targeting SMSFs which receive distributions of non-arm’s length income from related party trusts. In one of our previous articles the issues and tax consequences surrounding non-arm’s length distribution were discussed in detail. To summarise briefly: In relation to an investment in a unit trust, distributions of income to […]

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the road to running a business in an SMSF is full of potholes

Thinking of carrying on a business in an SMSF?

Carrying on a business from your SMSF can have some advantages, such as easy access to start-up capital and lower tax on net income. However, it also comes with some significant limitations. There is a common belief among accountants and advisers that an SMSF is not allowed to run a business. But it is it […]

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