Changes to SMSF LRBAs top BT Advice list of queries

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

Tax professionals can now request Total Super Balance via Portal

The ATO says that tax professionals can now request the Total Superannuation Balance and transitional non-concessional bring-forward cap information for clients via the Tax Agent Portal.

“You can now request information to support your clients in understanding their superannuation balance

LRBAs to be included in Total Super Balance and Transfer Balance Cap

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