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Notes Online Home 2015 Tax Schools Day 2 Whats New for Business in 2015
Government announces retrospective overhaul to the SMSF borrowing concessions
In this segment of the notes we discuss the SMSF borrowing concession changes proposed by the government. The following areas are covered:
- NEW laws introduce a ‘look-through’ approach for SMSFs acquiring assets
under an LRBA - Which borrowing arrangements will be affected under the proposed changes?
- How is the proposed ‘look-through’ treatment provided under the income tax provisions?