Blog
Can your SMSF become a host and rent residential property on websites such as Airbnb?
There is nothing under the Superannuation law that prevents an SMSF from providing host services such as Airbnb. However, an SMSF trustee needs to watch out for some pitfalls when using a property owned by an SMSF as an Airbnb. 1. Investment strategy The trustee...
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How do different types of death benefit income streams impact your transfer balance cap?
From 1 July 2017, any amounts transferred into retirement phase will be measured against a transfer balance cap, which is currently $1.6 million for 2017/2018 financial year. This means any death benefit income stream a member is entitled to, will give rise to a...
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Transition to retirement income streams (TRIS) from 1 July 2017
With the introduction of the transfer balance cap (currently $1.6 million in 2017/2018), superannuation funds are only able to claim income tax exemptions on assets that are supporting income streams in the retirement phase. Since 1 July 2017, there are now two types...
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Fair value of peppercorn leases for not-for-profits
Charities and not-for-profits are created with a specific purpose in mind. These organisations use their funding to advance their purpose, which benefit millions of lives daily. Like any other entity, running these charities results in inevitable costs. These costs...
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