The implementation of a limited recourse borrowing arrangement by an SMSFs is a very complex transaction since there are a minefield of issues and traps which need to be carefully considered and navigated. The successful implementation of these arrangements requires the practitioner to be up to date and on top of their game. Getting it wrong can have devastating consequences.
This event covered the following:
- practical issues, common errors and traps with implementation
- the role of the accountant, lawyer, financier and financial planner
- single acquirable asset, repair, maintain and improve
- loan and security documents and dealing with the financier
- stamp duty concessions and dealing with the OSR
- overview of TA 2012/7
- latest developments and strategies
- CGT and "absolute entitlement"? - Oswal v Commissioner of Taxation [2013] FCA 745
- government's proposed look through provisions - where are we now?