While writing a piece for the website Smart Company, Cara Waters sheds light on the Limited Recourse Borrowing Arrangements (LRBA) so often being used lately by SMSFs and certain guidelines that the SMSF Professionals’ Association of Australia (SPAA) has attached to them.
Super News
Triggers for the Australian Property Market
The Australian property market is not going into a bubble phase. The terms boom and bust represent a sum total of consumer confidence at any given moment, more than anything else. It will suffice to say that after years of shortfall, the property cycle turned towards the higher yards and over the last year or so, it has mellowed down. We are still doing reasonably well, and the plateau should come no sooner than 3-4 years from now.
Accountants Caught Off Guard By SMSF Changes
SMSF space is changing dynamically and it might catch tax accountants unaware. In an article for the website Accountants Daily, Michael Masterman says that the ATO’s programs inclined towards educating taxpayers may make accountants employed in this sphere redundant soon.
A New ‘Storm’ in SMSF Kettle
Borrowing strategies used by SMSFs came in for some sharp criticism by the higher echelons of the Australian Securities and Investments Commission (ASIC). In an article for the website Money Management, Kate Cowling points out what disturbs Peter Kell, Deputy Chairman of the ASIC.
Purchasing Property With Your Super
If a property promoter without an AFS license hogwashes you into using your SMSF for property investment, chances are they have vested interest in mind. The deal might be infested with bottlenecks all along the way. If however, you use solid professional guidance from people who know the nitty-gritty of investing the SMSF purse into real estate, you can come out trumps with the strategy.
Capital Gains Tax Cap for Small Business Owners
If they could make retirement planning an active agenda of their working lives, farmers and small business owners could benefit a great deal more from their Super investments. Sadly, unlike those who have worked as employees all their lives, these small-business owners and farmers spend their working lives thinking about how to expand their business and buy more land, jeopardising their retirement nest egg woefully by not paying enough emphasis to the concessional and non-concessional contributions.
