News : LRBA

ATO, LRBA

ATO flags new LRBA reporting in SAR

SAR LRBA

The ATO has highlighted key updates to the 2020 SMSF annual return form, including a change to LRBA reporting requirements.

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ATO, LRBA

ATO begins intermediary LRBA consultation

Intermediary LRBA

The ATO has announced its draft legislative instrument regarding intermediary limited recourse borrowing arrangements is open for consultation until mid-March.

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LRBA

TSB changes likely to hit trustee strategies

LRBA TSB contribution strategy

Some trustees with LRBAs may need to rethink their usual strategy in order to comply with the changes to TSB calculations, an SMSF technical expert says.

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Commercial Property, LRBA, Residential Property

SMSF loan product launched

SMSF loan product

I Love Accounting (ILA) has announced the launch of an SMSF loan product, in conjunction with emoney, for ILA clients.

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LRBA, Tax

LRBA loans drive SMSFs to safe harbour

LRBA SMSFs safe harbour

SMSFs relying on related-party loans may be forced to user higher safe harbour interest rates to prevent income being taxed at 45 per cent.

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LRBA, Property

Unit trusts a good LRBA alternative

Non-geared unit trust

Non-geared unit trusts are a smart alternative for trustees with concerns about LRBAs, an SMSF administrator says.

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LRBA

New TSB measure could hit SMSFs with LRBA

LRBA TSB measure

A new integrity measure that includes members’ share of LRBA borrowings in their TSB could have detrimental consequences for some, an SMSF legal firm warns.

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LRBA

LRBA issue showing improvement

LRBA SMSFs

A commercial property financier has said the problem of SMSFs being established specifically to invest in property using a limited recourse borrowing arrangement (LRBA) is showing signs of waning.

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LRBA, Regulation

New LRBA measures have wider implications

LRBA measures TSB entitlements

Amendments to the legislation governing limited recourse borrowing arrangements and their impact on a person’s total super balance could have a bearing on that member’s eligibility for other retirement savings entitlements, an SMSF expert has said.

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LRBA

LRBA treatment dependent on member’s circumstance

LRBA total super balance

The extent to which the outstanding balance of a limited recourse borrowing arrangement will affect a member’s total super balance is determined by the individual member’s circumstances, according to an SMSF service provider.

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