Tag Archives: Superfund

ATO / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance / SMSF Strategy

ATO provides clarity for SMSF limited recourse borrowing arrangements

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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 »

Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Compliance

Replacing assets using limited recourse borrowings affected by natural disasters

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It was pleasing to read recently in Investor Daily recently (23 March 2011) the Australian Taxation Office saying that it will use its discretionary powers to provide relief for SMSF trustees with limited recourse borrowing arrangements affected by the recent spate of natural disasters. According to the article, the Tax Commissioner, Michael D’Ascenzo will use powers provided … Continue reading »

SMSF / SMSF Strategy / Trustee education

Watch our latest video on borrowing in super

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Borrowing in super has become a very popular strategy with self-managed super funds since its introduction back in September 2007.  I see more and more SMSFs using borrowing, but you need to be aware of some of the traps in using this strategy. When first introduced, superannuation borrowing was done using what was then called … Continue reading »