Webinar – How the $3m Division 296 Tax will impact SMSFs

SMSFs have long been promoted for their ability to hold business real property, either directly or indirectly via a company or trust. Concessions apply to allow an SMSF to acquire from and lease to related parties where property satisfies the definition of business real property. As such it’s important to understand the requirements of meeting the definition of business real property in relation to SMSFs for the purposes of the SIS Act.

In this webinar, Tim Miller from Smarter SMSF will take a detailed look at the ATO’s ruling on business real property, SMSF ruling 2009/1, and will explore, amongst other things:

· the meaning of business real property within the SIS laws, including the two basic conditions that must be satisfied to hold it

· the business real property context in respect to the related party acquisition rules

· Primary production requirements

· Land development, vacant land and when is use of real property in a business

· the considerations when property doesn’t meet the definition

Learning outcomes:

At the end of this webinar, participants will have an appreciation for

· whether property satisfies the definition of business real property or not

· the SIS concessions that apply when property is business real property

· the ongoing requirements that a fund must maintain to ensure its investment continues to be business real property

Presenter: Tim Miller

Cost: Free

Date: Tuesday 13th February

Time: 12:30 pm – 1:30pm AEDT

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Tim Miller

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.