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Ivan Filipovic

SMSF RELATED PARTY LOANS AND PROPERTY INVESTMENT

There has been significant press around Self Managed Superannuation Funds (“SMSF”) and Australian Property investment recently. It is arguable that every bank is jumping on the SMSF Property bandwagon with every bank now marketing a SMSF loan product. Regardless of whether you choose to use a third-party loan, a related party loan, or a combination…

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SINGLE ACQUIRABLE ASSET FOR A LIMITED RECOURSE BORROWING AGREEMENT (SMSF LOAN)

Many self-managed superannuation fund (“SMSF”) investors who borrow through their SMSF (SMSF loan) ask the question of what constitutes a “single acquirable asset”. SMSFR 2012/1 released by the ATO provides 15 examples of what constitutes a single acquirable asset. Under limited recourse borrowing (“LRBA”) rules, SMSFs are required to enter a separate lending arrangement for…

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WHY SHOULD YOU START A SELF MANAGED SUPERANNUATION FUND?

Self-managed super funds (“SMSF”) are the fastest growing part of Australia’s superannuation industry and are the preferred vehicle for professionals and business entrepreneurs. Australia’s Superannuation Industry is worth $1.6 billion dollars with over $550 billion represented by SMSFs. There is incredible growth in SMSFs for the following reasons: Control Tax effectiveness Potential cost savings Flexibility…

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SMSF CONTRIBUTIONS

Once you set up a SMSF with Redwood Advisory, a key question is how much can I contribute to the SMSF. Super contributions fall into two categories: 1)      Concessional Contributions: These are contributions where the person putting the money into the fund is claiming a tax deduction (concessional). They include: Contributions made by your employer…

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SMSF – WHEN CAN I WITHDRAW MY BENEFITS FROM MY SMSF?

The Redwood Advisory promise is to make taking control of your super easy through your SMSF. This article will highlight the keyconsiderations/ rules of witdrawing your benefits from an SMSF. A rule of thumb is that except in a special set of defined circumstances, such as severe financial hardship or permanent incapacity, you cannot withdraw…

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SMSFs Borrowing @ 0% Interest Rates From Related Persons

The ATO has recently issued two private binding rulings which broadly accepts that a SMSF can borrow from a related party at a 0% interest rate when investing in a geared fund asset – albeit a cautious approach should still be applied in my opinion. http://ato.gov.au/rba/content/?ffi=/misc/rba/content/1012414213139.htm http://ato.gov.au/rba/content/?ffi=/misc/rba/content/1012396819768.htm

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