SMSF Australia Blog Articles

Why in the world would my SMSF trigger the Non Arm’s Length Income (NALI) rules if my fund purchases the office used in my business from me at market value?

The 5% SMSF rule limits in-house assets, loans, leases, or investments, to 5% of total fund assets. Learn how it's calculated and what happens if you breach it.

Yes, an SMSF pays Capital Gains Tax just like any other taxpayer and like industry or retail funds do. This is payable as part of the annual SMSF Tax Return

The Australian Taxation Office (ATO) can disqualify an individual from being a SMSF trustee (reference to a trustee also includes a director of a corporate trustee). The Australian Taxation Office

When examining the related parties of an SMSF it is important to remember that trustees, or directors of a corporate trustee, and members are generally the same people so we

A POA can allow a person (attorney), you appoint, to step into your shoes to make financial decisions on your behalf whilst an EPOA extends a POA to a person who has lost capacity

The two major reasons to pay insurance premiums from your SMSF versus personally include premiums can be partially or wholly tax deductible in the SMSF and cashflow considerations as premiums are paid from the SMSF bank and not your bank account

A Part A qualification is generally considered to be a minor issue so there is no need to get too upset if this happens however a Part B qualification is generally considered more serious and if it is very serious must also be reported directly to the ATO

Yes, it is possible in theory but very unusual.  Being a trust a SMSF will be established when an asset is held on behalf of a member.  An SMSF is

The Transfer Balance Cap is tracked by the ATO to ensure members remain under this cap to retain their 100% tax free income.