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  2016

SMSF participation in private business

Source: National

Published Date: 2 Mar 2016

 

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This video is a filmed session from the 31st National Convention, PowerPoint slides are incorporated with the presentation.

Increasingly, clients are looking to SMSFs to provide their business with working capital or manage their business's tax bill. Transactions and strategies involving SMSFs in private businesses (eg SMSFs lending to, leasing to, buying from, or taking equity in private businesses) require careful consideration, because the goalposts between SMSFs assisting private businesses (prohibited) and appropriately investing in private businesses (permitted) are held to define. This case-study based session aimed to identify the goalposts and provide tools for discussions with clients and will address:

  • SMSF equity participation case study: In-house asset standard/Part IVA
  • SMSF lending case study: Financial assistance/sole purpose test
  • SMSF asset acquisition case study: related party dealings
  • SMSF leasing/licensing case study: Non-arm's length income.

Individual Session

2016 National Convention Video Package

Author(s): Sam Mccullough , Matthew Andruchowycz , Joanne Dunne , Cameron Rider , Kirsten Fish , Gordon S Cooper , Andrew Mills , Greg Nielsen
Materials from this session:

Author(s)

Details

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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