SMSF – Super

What Are Super Concessional Caps?

In the good old days (just a few years ago), anyone inching towards retirement age had the strategic option of loading up their superannuation savings with serious lumps of money, and getting a tax break for doing so.

Today, we… Continue reading →

SMSF Related Party Transaction Rules Warning

The question often arises whether the SMSF is allowed to enter into a transaction with a member or a related party.

This is a question that is of great concern to the ATO as it is also one of… Continue reading →

New Rules For SMSF’s Investment Strategies

Measures were introduced on the 7th August 2012 to make amendments to the SIS Regulations that cover the next group of changes from the Stronger Super recommendations.

The main changes introduced apply to new steps that trustees need… Continue reading →

Can My SMSF Purchase Overseas Property?

A SMSF can directly purchase overseas property anywhere but certain countries are very litigious and how the fund acquires them can be quite tricky. Remembering the trustees must organize independent audits of the fund each year and this could increase… Continue reading →

SMSF Limited Recourse Borrowing Questions

A limited recourse borrowing arrangement requires an SMSF trustee to take out a loan from a third party lender. The trustee then uses the loaned funds to purchase a single asset (or collection of identical assets that have the same… Continue reading →

SMSF Property Investment – Repairs or Renovations?

When a SMSF takes out a loan for a SMSF property investment, the borrowing is a limited recourse loan. This means that the acquired asset is the only asset that can be used as security.

Because the rights… Continue reading →

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AIMS Accounting Service
22 Swindon Close
Lake Haven NSW 2263
Phone: 02 4392 8720

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