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Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
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Super savings gap for women stuck at 30%
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No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
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Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
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Articles
CBA Buy-back Tender
Income Tax - Car Expenses
Income Tax ? Car Expenses - 1
Income Tax ? Car Expenses - 2
Income Tax ? Car Expenses - 3
Income Tax ? Car Expenses - 4
Partnerships: Commissioner loses Part IVA Case
Pyramid Selling Schemes
Reasonable Allowance Limits 2003/04
What is Secure FTP Button
Employee Safety Net
Tax Deduction for Life Insurance?
Real Estate & Self Managed Superannuation Funds
FBT and Entertainment
FBT and Record Keeping
FBT and In-house Benefits
FBT and Laptop/Portable Computers
Real Estate & Self Managed Superannuation Funds
As a trustee of a Self Managed Superannuation Fund (SMSF), you have a wide choice of investments.

You have the flexibility to make investments when you wish, subject to the fund?s investment strategy and the legislation.  Real estate is one asset class that is very suitable for the SMSF and provide good returns.

A SMSF can purchase property directly.  It can also invest indirectly in a property unit trust or in a company that owns substantial property.  What is fundamental is whether the property is a sensible investment and whether there are any restrictions imposed by legislation.

If it is in accordance with the investment strategy then it will be a sensible investment.  This assumes, that the investment strategy has been properly formulated ? certainly not a one or two line statement.  Your accountant or financial planner can advise on the necessary considerations.

SMSF legislation restricts the type of real estate that can be acquired from a ?related party?.  Related parties include fund members, trustees of the fund or their relatives or any entity that is controlled by the trustee or member of the fund of their relatives.  However, the good news is that these restrictions do not apply if the real estate is used in a related business.  

A property owned by SMSF can never be mortgaged because the fund should not ever borrow (except to pay out member entitlements).

This structure provides an opportunity for businesses to generate additional owner wealth and create growth assets in a tax preferred environment.





29th-January-2004