Published on 27 Jun 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The implementation of a LRBA by an SMSF is a very complex transaction since there are a minefield of issues and traps which need to be considered. The successful implementation of these arrangements requires the practitioner to be up to date and on top of their game. Getting it wrong can have devastating consequences.
This paper outlines:
practical issues, common errors and traps with implementation
the role of the accountant, lawyer, financier and financial planner
overview of the finalised SMSFR 2012/1
loan and security documents and dealing with the financier
stamp duty concessions and dealing with the OSR
overview of TA 2012/7
latest developments and strategies.
Lisa Oddo CTA
Lisa is a Solicitor at N.Panos & Associates, a boutique law firm specialising in tax, superannuation, commercial law, and estate and business succession planning matters. Lisa has provided clients with superannuation and estate planning advice including representing clients in family provision claims. Current at 28 June 2016
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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