On 15 September 2016, Treasurer Scott Morrison announced changes to a number of 2016 Budget superannuation measures. These include both good and bad news. ...
On 15 September 2016, Treasurer Scott Morrison announced changes to a number of 2016 Budget superannuation measures. These include both good and bad news.
The ATO has thrown a lifeline to SMSF trustees in the rush to get limited recourse borrowing arrangements (LRBAs) on commercial terms by the end of this 2016 financial year.
Cooper Grace Ward and CGW Structures have been included in the survey for the SMSF Awards in the category of ‘SMSF Document Provider’.
One of the major issues with LRBAs has been around the terms of loans from related parties.
Murray Shume, associate in our commercial team, has worked with Cooper Grace Ward for almost four years. We asked him to tell us in his own words what life at Cooper Grace Ward is like, and a few of his past experiences and favourite things.
The ATO has been highlighting their concerns with related party loans in SMSF borrowing arrangements (LRBAs), and particularly whether they have been made on commercial terms.
Cooper Grace Ward tax partner Fletch Heinemann has been selected as a finalist for the inaugural Lawyers Weekly Partner of the Year Awards in the category of Taxation.
The South Australian case of Brine v Carter [2015] SASC 205 is a warning to executors who wish to claim the deceased’s superannuation for themselves.
Recent changes to the tax legislation will require a purchaser to withhold and pay 10% of the purchase price to the ATO in certain circumstances.
In December last year, the Financial Systems Inquiry recommended removing the ability of SMSF trustees to borrow to acquire assets using limited recourse borrowing arrangements.
There has been controversy over the impact of low or no interest related party loans to self-managed superannuation funds (SMSFs) since the release last year of the ATO’s view that these loans can result in non-arm’s length income for SMSFs.
The Federal Court has again imposed pecuniary penalties on trustees of an SMSF for breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.