SMSFs have been unfairly targeted as being a ‘market mover’ in residential housing, says SMSF Association CEO John Maroney. “When the Sydney and Melbourne property markets, in particular, were enjoying strong growth, there was ill-informed comment that SMSF investment in residential property was a key factor fuelling prices, especially as… Read More »SMSFs being “unfairly targeted” over residential property investment
The Government is again consulting on proposed legislative changes to include Limited Recourse Borrowing Arrangements in Total Superannuation Balance, along with changes to the Non-Arm’s Length Income rules. The Government has for some time wanted to include Limited Recourse Borrowing Arrangements (LRBAs) in the calculation of Total Super Balance. Draft… Read More »Government consults again on including LRBAs in Total Super Balance
Changes to SMSF Limited Recourse Borrowing Arrangements (LRBAs) has topped the list of adviser queries for the June quarter, according to BT. Changes were made to include LRBAs in the calculation of the Transfer Balance Cap, with further legislation expected later in 2017 to include LRBAs in the calculation of… Read More »Changes to SMSF LRBAs top BT Advice list of queries
Legislation including Limited Recourse Borrowing Arrangements in the Total Superannuation Balance is expected to be ready to be introduced to Parliament later in 2017. Draft legislation including Limited Recourse Borrowing Arrangements (LRBAs) in the Total Superannuation Balance and Transfer Balance Cap was released earlier in 2017. However when the legislation was… Read More »Legislation to include LRBAs in Total Super Balance expected later in 2017
The interest rate has increased for the ATO safe harbour for arm’s-length SMSF Limited Recourse Borrowing Arrangements (LRBAs) for the 2017/18 financial year. For the 2019/20 rates see this article: LRBA safe harbour interest rates for 2019/20 up slightly The ATO created a safe harbour for SMSF LRBAs from the… Read More »SMSF LRBA safe harbour interest rate increases for 2017/18
Treasurer Scott Morrison has said the Government has no plans whatsoever to change the rules around SMSF Limited Recourse Borrowing Arrangements (LRBAs). “We’re not touching the arrangements around limited recourse borrowing arrangements,” the Treasurer told the SMSF2017 Summit & Investment Expo. Morrison noted the recommendation of the Financial System Inquiry… Read More »No plans whatsoever to change LRBAs, says Treasurer Morrison
A Bill to amend the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016, which was only passed late in 2016, has passed the Parliament. The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 has passed the House and Senate. The Bill amends parts of the ‘Fair and Sustainable’ super… Read More »Bill to tweak 2016 super changes passes Parliament, ahead of 1 July
Legislation has gone before the Parliament to make amendments to the superannuation changes passed late last year, including to TRISs, but without a change to how LRBAs are treated which was included in the draft. The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 includes measures earlier subject to… Read More »LRBAs not to be included in Total Super Balance, for now
The SMSF Owners’ Alliance has been highly critical of proposed changes to how Limited Recourse Borrowing Arrangements (LRBAs) are treated, suggesting it may be an attempt to effectively ban SMSFs from borrowing. Treasury briefly consulted publicly on draft legislation to include LRBAs in the Transfer Balance Cap and Total Superannuation Balance… Read More »LRBA changes may be an attempt to ban SMSF borrowing: SMSFOA
Limited Recourse Borrowing Arrangements (LRBAs) will be included in the calculation of the Transfer Balance Cap and Total Superannuation Balance, if an exposure draft released by Treasury for consultation is legislated. Treasury says the exposure draft, Treasury Laws Amendment (2017 4 Measures No. 2) Bill 2017: limited recourse borrowing arrangements, includes… Read More »LRBAs to be included in Total Super Balance and Transfer Balance Cap