News : SMSF

ATO, Financial Advice, SMSF, Superannuation

Contributions deduction issue fixed

The ATO has corrected an error in its procedures with regard to allowing SMSF members to claim a tax deduction for personal contributions.

The ATO has corrected an error in its procedures with regard to allowing SMSF members to claim a tax deduction for personal contributions.

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SMSF, Superannuation, Trusts

Notes to SMSF accounts have critical role

ATO

The notes to the financial statements for an SMSF take on particular significance due to the special-purpose nature of these entities.

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Property, SMSF, Superannuation

Residential property growth to cool

residential property

The residential property market has been forecast to experience a lower rate of capital growth in 2025 compared to previous years.

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SMSF, Tax

Div 296 tax just about dead

SMSF Association Peter Burgess Division 296 tax

The Division 296 tax bill is unlikely to progress any further through the Senate, but the government has yet to admit it is permanently stalled.

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Documentation, SMSF

Voting by member balance flawed

A specialist lawyer has advised against super balance-based voting in SMSF constitutions, noting it may lead to an added administrative burden and unfair outcomes.

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Investments, SMSF

Term deposit returns less than zero

Term deposit Interest rates SMSF Self-managed superannuation fund

Real returns from term deposits are currently less than zero and should prompt SMSF investors to look at other sources of fixed income.

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LRBA, Property, SMSF

LRBA housing impact clarified

Limited recourse borrowing arrangement LRBA Property SMSF Association

Data has been presented to a parliamentary committee showing the impact of LRBAs on Australia’s housing market has been exaggerated.

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Investments, SMSF

High-yield credit fund launched

Schroder Australian High Yielding Credit Fund Schroders

Investors have been given an additional avenue to Australia’s credit market with the release of a new offering from Schroders.

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Regulation, SMSF

Residency rules misunderstood

Residency SMSF Central management and control test

SMSF trustees faced with spending time overseas are not properly adhering to the procedures regarding the central management and control rules.

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SMSF, Tax

Scam loss write-offs possible

Scam Tax deduction Capital Gains Tax CGT

Favourable tax treatment may be available to SMSF members who have been victims of an investment scam in certain circumstances.

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