Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$204.60
Document Type
Chapter
Pages
93
Notes Online Home 2015 Super Schools Day 1 Whats New for SMSFs
In this chapter of the notes we discuss the latest changes related to SMSFs. In particular, the following:
- ATO releases reporting solution under a contributions reserving strategy
- NEW reforms introduce refund option for excess non-concessional contributions
- Latest developments affecting limited recourse borrowing arrangements
- New ATO ruling attacks certain share transfers to an SMSF
- Latest compliance guide for SMSFs under the SuperStream contribution standard
- New preservation age applies from 1 July 2015 for super-related purposes
- New developments hinder the ability of an SMSF to hold insurance
- New Centrelink ‘income test’ for clients receiving an ABP – from 1 January 2015
- ATO guidelines for SMSFs in the Telstra or Rio Tinto share buy-back schemes
- NEW restrictions apply from 1 July 2016 to SMSF investments in collectables
- Recent decisions signal the dangers for SMSF loans to related parties
- Government to introduce HUGE reprieve for SMSFs investing in unit trusts