Ensuring that an SMSF is dealing with another party on an arm’s length basis should be a relatively straight forward concept, but somewhere along the line the concept got blurred, then it got messy, now it’s just confusing.
In this webinar Tim Miller from Smarter SMSF will take a look at the ATO’s approach to non-arm’s length expenses within an SMSF now that we are more than 12 months beyond the passage of legislation that introduced a two-times expense factor for determining non-arm’s length income for a fund. Amongst other things, the session will look at the progress of LCR 2021/2, and in particular the concept of undertaking work in an individual v trustee capacity as well as the potential CGT impact of non-arm’s length expenses as they relate to specific assets.
Learning outcomes
At the end of the webinar attendees will:
Tim Miller is the SMSF Technical and Education Manager at Smarter SMSF and is one of Australia’s leading SMSF educators and presenters with over 25 years’ experience in the Superannuation industry. His experience has been gained through providing legislative and compliance support to thousands of Trustees, Accountants and Financial Planners since joining the SMSF sector in 1999. In addition to servicing the needs of SMSF clients, his practical and personable approach to compliance has made him a much sought after presenter.
Tim regularly presents at the major SMSF conferences and events, contributes to various trade and general publications, he is a Fellow SMSF Association Specialist and was awarded the CEO Award at the 2023 SMSF Association National Conference for services to the SMSF sector.
