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
$22.00
Document Type
Article
Pages
10
Notes Online Home 2015 Super Schools Day 1 Whats New for SMSFs
New developments hinder the ability of an SMSF to hold insurance
In this segment of the notes we look at the changes that will hinder the ability of an SMSF to hold insurance. In particular, the following:
- New SIS regulation affects the provision of insurance through an SMSF
- The danger for SMSFs holding insurance on a ‘cross-insurance’ basis
- ATO warns against SMSFs holding insurance as part of a buy/sell agreement (‘BSA’)
- Tax sting with paying a lump sum death benefit with an untaxed element