It quite amazing how far we have come with limited recourse borrowing arrangements over the nearly 2 years since changes were introduced on 7 July 2010. Many people would recall at that time of the introduction of sections 67A and 67B into the SIS Act that many within the industry were highly critical of the … Continue reading »
As the 2011 year comes to a close, it’s a time to ponder where the SMSF industry has come from in the last 12 months and also where it is heading… This time last year, we had just seen the Government’s response to the Cooper Review, with many of these reforms now only 6 months … Continue reading »
This short video explains how a SMSF limited recourse borrowing arrangement works in accordance with section 67A of the Superannuation Industry (Supervision) Act 1993. This is the first of many short videos that I will start producing on various SMSF topics and strategies can be used. Let me know what you think by rating the … Continue reading »
With the “green light” to SMSFs being able to utilise its own cash to undertake improvements to a property acquired using a limited recourse borrowing, I think we will start to see the emergence of trustees looking to carry out renovations themselves to build their retirement savings. Funding any improvements could be undertaken in a … Continue reading »
I am pleased to advise that the next SMSF InPractice Webinar will be on the hot topic of Limited Recourse Borrowing Arrangements. With the recent release of the much publicised draft SMSF Ruling, SMSFR 2011/D1, this webinar is not to be missed as we explore the impact of the Commissioner’s changing views surrounding some of the key … Continue reading »
The ability to purchase property within a Self Managed Super Fund continues to be a key attraction for many people looking to bricks and mortar to help build their retirement savings. Recent preliminary views expressed by the Commissioner of Limited recourse borrowing arrangements has only further sparked interest in the area of SMSF property investing. … Continue reading »
The recent positive news in SMSFR 2011/D1 to be able to improve an asset acquired using a limited recourse borrowing has been widely applauded within the industry. Clarity to improve an asset with the cash resources of the SMSF to the extent that the asset does not become a different asset, has already sparked significant … Continue reading »
Today has seen the release of the most anticipated ATO Ruling impacting superannuation for the year, with the issuing of draft SMSF Ruling, SMSFR 2011/D1. This ruling addresses key concepts for limited recourse borrowing arrangements. Most importantly, there are some ‘good news’ stories within this SMSF Ruling, with clarity being provided around the contentious issues of: what … Continue reading »