ATO’s deadline for non-arm’s length LRBAs extended
The ATO is allowing SMSF trustees additional time until 31 January 2017 to ensure that any limited recourse borrowing arrangements (LRBAs) that their fund has are on terms consistent with an arm’s length dealing, or alternatively are brought to an end. The ATO had previously advised SMSF trustees they only had until 30 June 2016 to review the LRBAs in their fund.
As part of this extension, the ATO has advised that it will provide further information and illustrative examples, to assist SMSF trustees and advisers to make decisions about relevant arrangements, by 30 September 2016.
Categories
- Accounting (20)
- ASIC (2)
- ATO update (291)
- ABN (2)
- ATO audits (23)
- ATO scam alert (12)
- Budget updates (13)
- Communication (8)
- Court rulings (9)
- Data-matching (24)
- Technology (9)
- Business (107)
- Benchmarking (5)
- Employing (32)
- Small businesses (44)
- Corporate (19)
- Division 7A (7)
- COVID-19 (42)
- Disaster Relief (6)
- Federal Election (1)
- Finance (15)
- Cryptocurrency (6)
- Foreign/off-shore issues (15)
- GAP Office Update (1)
- Industry (25)
- Construction (7)
- Contractors (3)
- Courier/driving (6)
- Farming (2)
- Gig Economy (1)
- Medical (2)
- Retail (4)
- Sharing economy (7)
- JobKeeper (23)
- LCT (1)
- Single Touch Payroll (12)
- Superannuation (88)
- Division 293 (2)
- LRBA (6)
- Self-managed super funds (17)
- Superannuation contributions (36)
- TBC (Transfer Balance Cap) (1)
- Superannuation Guarantee (7)
- Taxation (208)
- CGT (8)
- Deductions (42)
- Depreciation (11)
- FBT (26)
- GST (29)
- HELP/VSL/TSL debt (2)
- LCT (1)
- PAYG (11)
- Private Health Insurance (1)
- Properties (3)
- Rental property (18)
- Tax debt (4)
- Tax Records (3)
- Uncategorised (8)
Suite 7, 875 Glen Huntly Road
Caulfield VIC 3162
PO Box 308
Caulfield South VIC 3162
P (03) 9523 5888
F (03) 9523 0099
Please enter your details to receive up-to-date news
By clicking Subscribe you are agreeing to our Terms & Conditions and Privacy Policy.
YOUR FUTURE