Published on 02 May 13
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
Your new client has an SMSF with a limited recourse borrowing arrangement inplace. You want to ensure the LRBA “stacks up” and continues without incident. This case study based paper provides tools for risk managing existing LRBAs and possible solutions where particular LRBAs become untenable.
Topics covered include:
- accounting and taxation considerations
- improvements and repairs
- death insurance
- terminating the arrangement.
Neil Oakes is a Tax Director at Perks Chartered Accountants and holds a Masters Degree in Tax Law from UNSW (Atax). Neil currently heads up the Technical Tax Consulting division within Perks. He specialises in providing commercially focused tax advice to a wide range of small, medium and large businesses. Neil’s areas of specialisation include Division 7A, corporate restructuring and small business CGT concessions.
- Current at
25 September 2017