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Notes Online Home 2017 Super Schools Day 1 Other new developments for SMSFs
Claiming deductions for SMSF expenses under new ATO guidelines
In this area of the notes, we discuss claiming deductions for SMSF expenses under new ATO guidelines:
- ATO’s latest approach to apportioning SMSF expenses that are deductible under S.8-1
- Claiming the costs of managing a fund’s tax affairs – non-apportionable expenses
- Costs associated with setting-up an SMSF – fund establishment costs
- Costs related to an SMSF’s trust deed
- Claiming ‘blackhole’ expenditure incurred by an SMSF carrying on business