In a Self Managed Super Fund (SMSF), a Bare Trust is often used to borrow money to purchase assets such as a property. The Trustee of the bare trust becomes the legal owner of the asset until the loan is paid off. The asset then gets transferred to the SMSF at the super fund trustee’s …
Discover how Self-Managed Super Funds (SMSFs) can invest in property using the tenants in common structure, allowing for resource pooling and risk diversification. Learn about the mechanics, benefits, and challenges of this co-ownership approach, and get insights on effective management strategies to ensure a successful investment experience. Dive into the details to make informed decisions …
Investing in Property with Your SMSF: The Tenants in Common Structure Read More »
Unlock the potential of your retirement savings with Self-Managed Super Funds (SMSFs)! Discover how you can strategically invest in residential and commercial properties to enhance your financial future. Our comprehensive guide covers essential rules, benefits, and compliance requirements for SMSF property investments. Learn about the sole purpose test, leasing regulations, and the advantages and challenges …
Maximizing Your Retirement: Property Investment with a Self-Managed Super Fund (SMSF) Read More »
Discover the potential of your Self-Managed Super Fund (SMSF) with strategic property borrowing. Learn how to use borrowed funds correctly, focusing solely on property acquisition and related costs, ensuring compliance with SMSF rules. Understand the importance of the single asset requirement and holding the property on trust to safeguard your investments. Benefit from limited recourse …
Navigating Property Purchases in SMSF: Key Considerations Read More »
Unlock the potential of your Self-Managed Superannuation Fund (SMSF) with Limited Recourse Borrowing Arrangement (LRBA). Discover how LRBA can help you acquire high-value assets, diversify your portfolio, and enhance your returns while managing risk. Learn about the compliance essentials, the structure of borrowing and holding trusts, handling related-party loans, and understanding tax implications. For an …
Self-Managed Super Funds (SMSFs) empower Australians to control their retirement savings with flexibility in investment choices, including shares, property, and managed funds. SMSF members, acting as trustees, manage the fund’s compliance with superannuation and tax laws, necessitating meticulous record-keeping, financial reporting, and audits. Regulated by the Australian Taxation Office (ATO), SMSFs must meet stringent regulatory …
From 1 November 2021, the Australian Business Registry Services (ABRS) introduced the Director Identification Number. What is a Director Identification Number (DIN)? Director ID is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. This will make it easier to …
Important Notice – Director Identification Number (DIN) Read More »
JobSaver Payment is an ongoing support for businesses impacted during 2021 NSW COVID-19. The applications will close at 11:59 pm on 18 October 2021. For full details, please refer to our blog. Due to ease of restriction in some industries and regions, Services NSW is asking businesses to reconfirm their eligibility for JobSaver Payment every …
2021 NSW COVID-19 jobSaver Payment – Reconfirming your eligibility Read More »
Due to evolving COVID-19 situation which results in constant changes to the guidelines of various business supports/grants, there is an inconsistency between the messages delivered by Service NSW and interpretation of rules. We have summarised some commonly asked questions and answered them based on information available to us as at today (16 August 2021). For …
2021 NSW COVID-19 Supports & Grants – Common Questions Read More »
Many business owners are confused what supports available to them during 2021 NSW COVID-19 lockdown. There are three major grants for businesses. Which grant(s) applicable to your business will largely depend on the turnovers of your business for the year ended 30 June 2020. Micro Business Grant is for micro-businesses with turnovers between $30,000 and $75,000. Business …
2021 NSW COVID-19 JobSaver Payment – continuing supports Read More »