Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Self Managed Super Funds holding trust assets

Loading...

Sign in or sign up now!
352 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Mar 30, 2008

Question: I am having an ongoing debate with my accountant.

My wife and I are currently the trustees of our SMSF. We are very conscious of the rules and requirements relating to investment and ensuring that our SMSF is compliant. We are aware that investment in a "related trust" is restricted (since 11 August 1999). This means that there are "non-arm's length income provisions in the Income Tax Assessment Act 1997 (ITAA). This all leads us to the conclusion that our SMSF cannot hold an interest in a trust.

Our accountant begs to differ. She says that there are many circumstances that a SMSF can hold an interest in a trust. Can you please clarify this for us?

  • likes, 0 dislikes

Link to this comment:

Share to:

All Comments (0)

Sign In or Sign Up now to post a comment!
Loading...

0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more