News : NALI/NALE

NALI/NALE

NALE fix involves fair value proof

NALE market value expenses

The government’s draft bill to implement a NALE tax regime will force SMSFs to prove their expenses are at market value.

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Compliance, NALI/NALE, Regulation, SMSF, SMSFA

Repeal NALE or fix related issues

NALE

The SMSF Association has called on the government to repeal the NALE provisions or provide solutions to further problems they will create.

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NALI/NALE, Property

Undervalued trust units a NALI risk

trust NALI

SMSFs purchasing low value stakes in interposed entities to develop property will need to prove they were at market value to avoid breaching NALI provisions.

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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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ATO, NALI/NALE

ATO highlights property, lending scheme danger

ATO property lending scheme

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, Tax

ATO releases draft NALI, CGT determination

NALI CGT determination

The ATO has released a draft determination on how it will measure NALI inside capital gains that result from non-arm’s-length dealings.

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NALI/NALE

New bill may provide NALE fix

NALE bill

A solution to one NALE issue could potentially be provided by the interaction of the bill tabled in parliament last week and TR 2010/1DC.

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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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NALI/NALE

Govt releases NALE draft bill

NALE draft bill

The government has released a draft bill detailing its handling of non-arm’s-length expenditure, with the SMSF Association claiming current laws already address the issue.

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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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