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Showing 11 - 20 of 45 results for "LRBA"

Amnesty granted to employers with unpaid SG

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
For 12 months starting today, employers with a history of underpaying the superannuation guarantee will have a chance to "wipe the slate clean" and clear any pile of unpaid super without copping late payment penalties from the Government, according ...

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
Latest ATO figures show self-managed super funds' interest in limited recourse borrowing arrangements (LRBA) and residential property assets have skyrocketed in the last five years. December 2017 quarterly data shows the sector held $31.4 billion in ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... SMSFs. From 1 July 2017, an LBRA outstanding balance will be included in a member's total annual superannuation balance. LRBA principle and interest repayments from a member's accumulation account will also be credited in the member's transfer balance ...

Government releases super tax measures for consultation

ALEX BURKE  |  FRIDAY, 12 JAN 2018
... June 2019, which reduces her TSB to $1.5 million. On 30 June 2019, Laura then lends that $500,000 back to her SMSF under an LRBA. The SMSF then uses $1 million of its existing assets and the borrowed $500,000 to acquire a $1.5 million investment property. ...

Advisers searching for LRBA answers

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
... to BT Advice Technical research. Advisers' queries focused on two key issues: first, the proposal to combine outstanding LRBA debt to calculate clients' total super balances. BT technical consultant Tim Howard said that "it's important to note this measure ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... cost base relief to apply as intended to TTR pensions. Payments in relation to a limited recourse borrowing arrangement (LRBA) supporting a retirement phase pension will generate a transfer balance credit where the repayment is derived from accumulation ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... included in a member's total annual superannuation balance. Additionally, the repayment of the principle and interest of a LRBA from a member's accumulation account will be credited in the member's transfer balance account. In effect this will make some ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
Self-managed superannuation funds will be banned from direct borrowing under an expanded housing affordability policy unveiled by the Federal Opposition today. Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target ...

ATO calls time on SMSF safe harbour rules

ALEX BURKE  |  MONDAY, 30 JAN 2017
... party evidence. The loan will also need to be supported by a registered mortgage or security over the relevant asset. If the LRBA is not consistent with the above, it will need to be wound up. In an alert to financial advisers, Cooper Grace Ward partner ...

SMSFs granted ATO extension over LRBAs

DARREN SNYDER  |  TUESDAY, 31 MAY 2016
... the right regulator for our part of the superannuation industry." In December 2015 the ATO advised SMSF trustees to review LRBA's in their fund and ensure that they are on terms consistent with an arm's length dealing or wound up by 30 June 2016. The ...