News : NALI/NALE

NALE bill lag creates huge risk

November 17, 2023

NALE non-arm's length expenses PCG 2020/5

SMSF trustees cannot rely on PCG 2020/5 from 1 July 2023 to avoid a severe tax penalty should they incur non-arm’s-length general expenses.

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ATO, NALI/NALE

Tax determination troublesome for SMSFs

October 6, 2023

Darin Tyson-Chan

The ATO taxation determination outlining how the NALI and CGT rules interact is potentially problematic for SMSFs.

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ATO, NALI/NALE

Hint of NALE enforcement given

September 22, 2023

Darin Tyson-Chan

Two private binding rulings issued by the ATO in the past six months have hinted at how the NALE rules for general expenses will be applied.

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ATO, NALI/NALE, Tax

NALI interest ruling overturned

August 11, 2023

Todd Wills

The AAT has ruled interest derived from a complex lending arrangement established by an SMSF trustee was not NALI despite the arrangements being at non-arm’s length.

ATO issues scheme warning

July 14, 2023

Jason Spits

The ATO has warned SMSF members to avoid early release and tax avoidance schemes noting many of these are related to property and lending within a fund.

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ATO, NALI/NALE, Property, SMSF

Property developments a NALI risk

June 30, 2023

Todd Wills

The ATO has cautioned SMSF trustees and advisers about potential NALI breaches in property development projects and, in an unrelated announcement, disqualified over 200 SMSF trustees.

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NALI/NALE

Govt amends NALE penalty

May 12, 2023

Jason Spits

The government has amended its proposed penalty for breaches of the NALE rules, but appears to be pushing ahead with plans to only apply them to the SMSF sector.

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NALI/NALE, Superannuation, Tax

Budget draws mixed reactions

May 12, 2023

Todd Wills

The superannuation sector has praised the federal budget in relation to measures to make super fairer, but has called for clarification on certain provisions.

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NALI/NALE