This video is a filmed session from the 31st National Convention, PowerPoint slides are incorporated with the presentation.
This session focused on the transfer of business real property to an SMSF. It will covered the available options to hold property via unrelated entities and within the in-house asset restrictions.
- examined the law and practice under both the Superannuation Industry (Supervision) Act 1993 (Cth) and income tax in acquiring and holding property, including options to fund the purchase
- explored real-life situations, including whether sole purpose is ever an issue
- possible changes to the regulations.
Stuart is a Director of McPherson Super Consulting Pty Ltd, a company which specialises in providing technical advice on superannuation matters to the accounting, legal and financial planning industries. Stuart is the former Assistant Deputy Commissioner for Superannuation at the ATO where his responsibilities included active compliance and risk and intelligence for all superannuation subject areas. He was also closely involved in the ATO's Stronger Super project to implement the Cooper Review recommendations and drafting the ATO ruling on limited recourse borrowing arrangements for SMSFs. With over 30 years experience, Stuart also has a strong income tax background and has worked extensively in litigation. He is a regular presenter of papers and superannuation workshops in Queensland and the southern states, and is a member of The Tax Institute's Superannuation Technical Committee and Self-managed Independent Superannuation Funds Association (SISFA) Technical Committee. He has also been appointed to the SMSF Policy Advisory Council of the SMSF Owners' Alliance.
- Current at
19 September 2016