SMSFs & Property Web Series 2024 Session 2
Recorded 5 June 2024. LRBAs, holding property in a unit trust, NALI & NALE
LRBA arrangements, when they do and don’t work
Complexities of related and unrelated unit trusts for property development
When is a market valuation required and what type is sufficient
Recorded 5 June 2024
Please purchase the package for the web series.
Australians love property and the opportunity to invest through super has been one of the main drivers of the growth in SMSF establishments. But, there are a myriad of traps and complexities, and it’s an area high up on the ATO's hit list at both the adviser and client level.
The SMSFs & Property Web Series is essential training for those who need to be fully informed about the options, problem areas, and requirements to stay under the ATO radar.
In this series, we will explore the common and not so common strategies available for holding property in an SMSF and the steps you must take to ensure that these strategies are compliant. We will use a case study to help demonstrate the intricacies of LRBAs including the impact on a client's total super balance and related party loans.
Plus, we’ll look at requirements for market valuations. There is still a lot of confusion around what valuation is sufficient evidence to provide to the auditor. We will discuss this in detail so you can ensure a smooth audit sign off for your funds.
Total 1 CPD Hours
- LRBAs including:
- Setting up the structure correctly and the flow on impacts across an SMSF's lifecycle
- Related party loans and safe harbour
- Maintenance vs property improvement and when the nature of an asset changes
- Holding property in a unit trust - what the trust can and cannot do
- Structuring to enable property development inside an SMSF
- Non-arm's length income (NALI) & non-arm's length expenditure (NALE) and when they can occur
- The latest guidance on NALE and the practical problems
Natalie Scott
Superannuation Adviser, Knowledge Shop
Natalie has spent well over a decade immersed in the intricacies of how SMSFs operate, navigating an increasingly complex legislative and regulatory environment, and managing the issues that arise servicing client needs (and wants!).
She has led the SMSF divisions of mid and second tier firms and understands SMSFs from the ground up – accounting, tax, structuring and advice. At Knowledge Shop, Natalie is an advisers’ adviser, helping the profession clarify the practical requirements and opportunities of SMSFs. She brings this knowledge to her presentations and explores the issues in a very practical way – knowledge that is immediately transferable in practice.
Natalie is a Chartered Accountant and a specialist member of the SMSF Association.
SMSFs & Property Web Series 2024 Session 2
Superannuation
1 hours | 5 modules
Investment per person: $ 359.09 + GST
Team cost: $ 895.45 + GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 1 hrs
FS
SMSF
Tax Accounting
General