Grange Business Partners

27

Dec

2014

Self Managed Super Funds and Real Property

category: Accounting, Business, Super
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One of the most common questions we get asked is whether a Self Managed Super Fund (SMSF) can purchase residential property. Often the answer to the question is dependant on your personal circumstances. The Australian Taxation Office (ATO) has recently released guidance material to assist in making this decision. The ATO have confirmed that the

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20

Dec

2014

ATO To Target Very High Wealth Individuals

category: Accounting, Business, Tax
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The ATO has announced that it is embarking on a letter campaign focusing on very high wealth individuals. The campaign will begin this month, with letters being sent out progressively to tax agents with clients that are Australian residents who, together with their associates, effectively control net worth in excess of $30 million. The campaign

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13

Dec

2014

SMSF or not?

category: Accounting, Business, SMSF
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Recently two columnists wrote about their experience with managing their own SuperFund. Meg Heffron started her Self Managed Super Fund (SMSF) somewhat unconventionally, with a balance of just $30,000. Liam Shortz, on the other hand, started his with a balance of $200,000. Both experiences have been successful for the parties involved, however, their approaches highlight

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