Blog

July 2, 2015

A New (Financial) Year’s Resolution For Your SMSF

One of the most fundamental provisions in superannuation law, the in-house asset rule, is also one of the easiest for SMSF trustees to unintentionally breach. Under the in-house asset rule, SMSFs are generally prohibited from making loans, providing leases or having investments with related parties and entities that exceed five per cent of a fund’s total asset value. The few exceptions to the in-house asset rule include business real estate. Significantly, SMSF trustees are prohibited from providing any loans or financial assistance to members or their relatives – even if the transaction does not result in exceeding the 5 per […]