With the rise in the property market in parts of Australia, limited recourse borrowing arrangements (LRBA) have become a popular loan option for self managed super funds (SMSF’s). The most common asset purchased by trustees through a LRBA is real property.
As the festive season approaches, many of you will have organised office parties or gifts for your employees to celebrate the year coming to an end. However it isn’t all fun and joy, with the ATO requiring you to consider the Fringe Benefits Tax (FBT) implications of such events.
On Tuesday the 17th of November, ESV Young Professionals held its inaugural Networking Night at the LinQ Bar.
The super tax system has been in the spotlight recently with growing concerns over loopholes that provide generous tax breaks for the wealthy. First the focus was on super tax concessions, and now the government has turned their attention to two other ‘loopholes’ – transition to retirement pensions and anti-detriment payments.