Articles by Todd Wills

NALI/NALE, Tax

Clarity sought on NALI/CGT ruling

SMSFA NALI CGT

The SMSF Association has called on the ATO to clarify the draft ruling on the interaction between NALI and the CGT regime.

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ASIC, financial advice

Adviser levy increase unfair

Financial adviser levy

The government’s decision to end the financial adviser levy freeze is unfair as the model for calculating the appropriate fee level is still under review.

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SMSF, Superannuation, Tax

Trustees exploring options ahead of $3m cap

Super tax

SMSF trustees are searching for alternative strategies outside of superannuation to mitigate the tax implications of the proposed $3 million super earnings tax.

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Compliance, Cryptocurrency, Investments, SMSF

Derivatives require extra trustee care

Derivatives SMSF

SMSF trustees need to be aware of their heightened obligations under the SIS Act when investing in complex financial securities such as derivatives.

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NALI/NALE

Guidelines useful in navigating NALI

NALI guidelines

SMSF practitioners should follow two straightforward rules of thumb to ensure NALI compliance when engaging in property development projects.

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ASIC, financial advice

Adviser levy set to increase

adviser levy

The government will end the temporary relief program on the ASIC levy paid by financial advisers from the end of this financial year.

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In-house assets, LRBA, Trusts

Trusts not an ownership workaround

trusts SMSF assets

Trustees must ensure they are registering assets purchased on behalf of SMSFs in the fund’s name and refrain from using trusts as a measure to compensate for poor documentation.

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ATO, Compliance, Superannuation

Early release schemes on ATO radar

early access ATO

The ATO is set to step up compliance actions against individuals who illegally access their super early, with severe penalties for those who choose this course of action.

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Fixed Income

Trustees shift towards fixed investments

trustees fixed interest

SMSF trustees are turning towards fixed interest and long-term investments and shedding their cash holdings in order to take advantage of higher interest rates.

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NALI/NALE, Property

Compliance risks with property developments

NALI property development

SMSFs risk tainting an entire property development project with NALI if they at any point use non-arm’s-length arrangements that give the fund an advantage.

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