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Deciding future property structure
J - I have replied to your PM. First things if its truly non-compliant it can be fixed. The ATO compliance process is about penitent taxpayers unless they do something criminal or its a blatant matter. That said a breach is still a breach and it is one of the key risks to a SMSF. Despite your...- Paul@PFI
- Post #11
- Forum: Accounting and Tax
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Deciding future property structure
A Hybrid Trust of any form has always been prohibited as a SMSF investment. For tax purposes there is no such thing as a "JV"other than under GST law. A JV isnt a structure. Even pre-1999 trusts are prohibited if its a HUT / DT/ HDT. Any income would non arms length income and the fund...- Paul@PFI
- Post #9
- Forum: Accounting and Tax
