News & Articles

When it comes to the annual tax return, the latest reporting requirements state that applicable LRBA balances must be reported to the ATO by using the new label within the member section of the annual return (Part F - Label Y). This will...

by Capt. Mark PhillipsThe Downsizer Contribution has been with us since 1 July 2018 and it is now worthwhile reviewing eligibility and the potential strategies that can be implemented with those rules.Eligibility:Members...

by Alex PolorotoffConcessional contributionsThe concessional contribution cap is currently $25,000.  This applies to all concessional contributions, even if they are made to different funds.This is the first year a...

by Alicia ThomsonThe ATO recently announced a blanket lodgement deferral for all 2019 SMSF Annual Returns to the 30th of June 2020, where the previous lodgement due date was either the 15th of May 2020 or the 5th of June...

In August last year the ATO wrote to SMSF Trustees where their fund held a single property with a Limited Recourse Borrowing Arrangement.  The letter raised the ATO’s concern around a lack of diversification and the potential to...