Property Alert Taxpayer SMSF

The ATO has published taxpayer alert 2012/7 that focuses on investment decisions to acquire property using a limited recourse borrowing arrangement by the superannuation fund. In this alert the ATO points out where potential breaches may occur as per following: Failure to register title of assets in custodial trustee’s name. Signing of contact, before establishment…

SMSF Trustees seek advice from specialists

Recent research has found that many trustees are actively seeking outside advice to help them manage their retirement savings. This recent research found trustees were looking for specialist advice and were less interested in a one-stop-shop approach when it came to financial planning. The trustees were seeking more input/assistance with tax and compliance when it…

Cautious SMSF Investors

Investors are still not rushing back into shares, managed funds or property. Many are still cautious about current trends in particular overseas markets and debt bail outs of countries such as Greece and Spain. The December SMSF Investor Intentions Index reported that the concern level for investors for SMSF Investors is 6.4 out of 10,…

Difference between Declaration of Trust & Acknowledgement of Trust

To declare a trust relationship between the asset and trustees of a self managed superannuation fund two documents can be executed.The documents are similar but you should consider your circumstances and which document you need to execute. Declaration of Trust This is used where the trustees intends to acquire the property for and on behalf…