Dealings by SMSFs with related parties are a potential minefield due to regulatory and tax rules which regulate, prohibit or tax an SMSF that conducts such activities. However, if structured correctly, related party transactions can create great opportunities for SMSFs and related parties alike. This paper attempts to navigate this minefield by covering the:
• prohibition against assets from related parties
• prohibition against providing financial assistance to members
• in-house asset rules as they apply to loans and leases
• arm's length dealing requirements
• sole purpose test
• non-arm's length income rules.
Superannuation
2012
SMSFs and related party transactions - The issues and the opportunities
Source: Victoria
Published Date: 22 Aug 2012
Individual Session
SMSFs and related party transactions - The issues and the opportunites
Author(s):
David Foulds
Materials from this
session:
Details
- Published By: David Foulds
- Published On:22 Aug 2012
- Took place at:RACV Club, Melbourne
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Superannuation
2012
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