ATO ID 2014/23 and loans to trusts
03 Nov 14 |
RETIREMENT & ESTATE PLANNING BULLETIN
Issue: Vol 17 No 7 Aug 2014
Pages: pp 119-120
ATO ID 2014/23 confirms that a loan to an unrelated trust will not constitute an in-house asset of an SMSF. However, advisors must exercise a high degree of caution as all is not as simple as it seems. This article highlights the need for caution before applying the result.
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Daniel Butler, CTA of DBA Lawyers
Daniel is one of Australia’s leading SMSF lawyers and has worked predominantly in
the SMSF, tax and related fields for over 30 years. He is a regular presenter on SMSF
topics and has published extensively in professional journals including contributing a
monthly article on SMSFs to the Taxation in Australia and other media. Dan is a
member of the ATO’s Superannuation Industry Relationship Network (SIRN), the Chair
of the Tax Institute’s National Superannuation Committee, a member of the Law
Institute of Victoria’s Tax Committee, and is involved with a number of other tax and
SMSF committees and discussion groups. Dan presents on the subject Taxation of
Superannuation at the University of Melbourne’s Master of Laws/Tax program. Dan is
also a Specialist SMSF Advisor.
- Current at
26 February 2018