Blogs & Resources
27 February 2014
What problems can arise with your Superannuation if you do not have a Binding Death Benefit Nomination (BDBN)?
Essentially, upon your death, your super may end up been paid / transferred to the people you did not intend to receive it and the people that you did intend to…
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17 February 2014
If I move a property that I or my business own into my Self Managed Superannuation Fund (SMSF) will I be liable for stamp duty?
In most instances in Victoria, no stamp duty will be applicable on the above transaction provided that the following conditions are met:
1. There is no…
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7 February 2014
If expenditure to an associate of an entity that is eligible for the R & D Tax Incentive is incurred but not paid can it be used later as a notional deduction?
Yes. Section 355 - 480 of Income Tax Assessment Act 1997 (ITAA 1997) states that if expenditure is incurred to an associate but not paid it can be effectiv…
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24 January 2014
If I have recently registered a Self Managed Superannuation Fund (SMSF) what is the due date for its tax compliance?
Newly registered SMSFs must generally lodge their annual return by the 28 February following their first financial year, when using an accountant / tax agent. I…
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16 January 2014
If I am receiving an account based pension, can I commute my pension i.e., take a lump sum and allocate it towards my minimum pension payment?
Yes. The Australian Taxation Office (ATO) has released Self Managed Superannuation Fund Determination 2013/2 (SMSFD 2013/2) stating:
1. When a me…
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10 January 2014
What is an in house asset in relation to a Self Managed Superannuation Fund (SMSF)?
An in house asset is defined in Section 71 of Superannuation Industry Supervision Act 1993 (SISA 1993) as an asset of the fund that is:
- A…
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6 January 2014
What is the maximum amount of superannuation that can be contributed to my superannuation fund in one year?
Learn more1 January 2014
What happens to the deductions that are claimed as apart of the Research and Development (R & D) Tax Incentive?
Learn more30 December 2013
If I am a trustee of a Self Managed Superannuation Fund (SMSF) what happens if I become a disqualified person, i.e., bankrupt?
Learn more10 December 2013
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Learn more5 December 2013
How is a distribution / payment of money from a private company (pty ltd) to a shareholder by a liquidator treated?
Learn more29 November 2013
What is an amalgamated loan in terms of Division 7A and when will it not be treated as a dividend?
Learn more8 November 2013
