News : Property

Property

TBC impacts real property holdings

transfer balance cap business property

Holding business real property inside an SMSF may not be as advantageous as it once was due to restrictions imposed by the transfer balance cap.

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Property

Victorian govt tightens grip on SMSF duty exemptions

Victorian SMSF duty exemptions

The Victorian State Revenue Office is drawing a hard line on the duty exemptions available to beneficiaries of SMSF-owned properties, DBA Lawyers says.

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Investments, Property, Superannuation

Making SMSF investments via unit trusts

SMSF investments unit trusts

A unit trust is a popular structure for holding property and other investments and this article examines numerous methods of how an SMSF may invest in a range of unit trusts. Multiple unitholders Many publicly offered managed investment funds are structured as unit trusts to allow multiple investors to invest in a diversified investment portfolio. […]

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Property, Retirement

Downsizers tip $1b into super

Australians have used superannuation concessions for people downsizing their homes to make $1 billion of contributions into funds in the past year.

Older Australians have taken advantage of superannuation contributions for people downsizing their homes by moving $1 billion into their funds in the past year.

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Property, Tax

Downsizer contributions get separate SAR treatment

downsizer contributions; annual return

The 2019 SMSF annual return will contain a separate area for trustees to inform the ATO about downsizer contributions that have been made.

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Property, Retirement

Equity release may help keep super intact

https://smsmagazine.com.au/wp-content/uploads/2018/05/GettyImages-816236150-edit-web.jpg

Equity release solutions should be used to reduce the rising number of Australians using their superannuation to ease mortgage debts.

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LRBA, Property

Stay within safe harbour with LRBAs

LRBA; safe harbour; Division 7A

SMSFs should keep an eye on both the safe harbour guidelines and Division 7A to ensure loans made to the fund are not treated as contributions.

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Property, Tax

SMSF valuers create shield against ATO penalties

SMSFs can avoid potential ATO penalties related to an incorrect valuation by using a qualified valuer familiar with these types of funds.

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ASIC, Financial Planning, Property

ASIC begins first conflicted remuneration case

SMSF; advice; conflicted remuneration

A Queensland SMSF advice business and its Perth-based licensee will face court in the first legal case dealing with conflicted remuneration related to financial advice.

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Pensions, Property

More retirees to access reverse mortgages

Changes to the Pension Loans Scheme will allow more retirees to access reverse mortgages, but they should also consider the potential downsides.

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