This video is a filmed session from the 31st National Convention, PowerPoint slides are incorporated with the presentation.
Increasingly, clients are looking to SMSFs to provide their business with working capital or manage their business’s tax bill. Transactions and strategies involving SMSFs in private businesses (eg SMSFs lending to, leasing to, buying from, or taking equity in private businesses) require careful consideration, because the goalposts between SMSFs assisting private businesses (prohibited) and appropriately investing in private businesses (permitted) are held to define. This case-study based session aimed to identify the goalposts and provide tools for discussions with clients and will address:
- SMSF equity participation case study: In-house asset standard/Part IVA
- SMSF lending case study: Financial assistance/sole purpose test
- SMSF asset acquisition case study: related party dealings
- SMSF leasing/licensing case study: Non-arm’s length income.
Purchase individual materials from this session:
SMSF participation in private business
Author(s): Matthew Andruchowycz
Further details about this event: