The issue of related party loans to SMSF’s has been a hot topic over the last few years with the ATO expressing differing views through various mediums.
In a recent speech Prime Minister Tony Abbott highlighted a range of issues that have been impacting Australia over the last year, as well as outlining his plan for the future. As part of this speech changes to previously announced policies were made, which could have significant impact on Australian businesses.
If your SMSF holds indivisible assets, you may encounter certain issues in the instance of death or a member leaving the SMSF. In particular, issues may arise if the SMSF holds indivisible assets in the form of a property where a family business is run from.
As you may be aware, the government announced that it was reforming certain aspects of the tax treatment of employee share schemes (ESS) from 1 July 2015. There were a number of drivers behind the change including increasing entrepreneurship and reversing some of the changes implemented in 2009 – essentially...