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
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
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
