SMSF Australia Blog Articles

Like any other taxpayer tax-deductible expenses incurred by a Self-Managed Super Fund (SMSF) are deductible under the general deduction provisions of the Income Tax Assessment Act 1997 (Tax Act) unless

The ATO supervisory levy is a fee charged by the Australian Taxation Office (ATO) to help fund the cost of regulating SMSFs and, according to them, to help educate SMSF

Why does it matter who is an Associate of your SMSF? Understand the ATO rules around related parties and the unique definition under the SMSF rules.

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

Who is a disqualified SMSF trustee, what the fund must do when one is disqualified, whether a waiver is possible, and the penalties for staying on.

Not every family or business connection is a related party of your SMSF. A worked example shows how the SIS Act treats cousins, partners and trusts.

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