Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Strategies to handle scam phone calls and problem e-mails.
Instant asset write-off threshold upped to $25k
Jail time for GST fraud
Correcting GST Errors
Fuel tax credit rates raised
ATO set to contact clients for overdue TPAR
Reminder on Victoria Property Duties
How Australia is performing.
Global outlook summary: Down but not out
Bookkeepers remind on incoming TPRS obligations
Golden Rules for Deductions
How's Australia going - vital statistics?
Tax, SMEs set to be ‘political football’ in 2019 as election nears
Cap lifted on popular financing option for clients
Expiry of 900,000 interest-only loans set for January
Australian Taxation Office (ATO) Scam Alert: Fake Demands for Tax Payments
Tax Office sounds alarm on popular property strategy
Our Advent calendar for 2018
‘Please do not panic’: ATO boss addresses STP concerns
Stop!! Don't do a paper Budget, use our online budgeting tools instead.
Employee Christmas Parties and Gifts – Any FBT?
Behavioural Coaching and your financial plans
FBT – Christmas Parties and Taxi Fares
Information needed to be the BBQ expert.
Tax consequences of trust vesting
Fringe Benefits Tax (FBT): employees’ private use of vehicles
ATO to contact clients over bank details
ATO claws back $850m in unpaid SG in FY 17-18
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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