Guide to SMSF Borrowing - Volumes I & II - October 2019

The Gearing Handbook e-Guides have now been updated to cover the LRBA Integrity Measures applying from 1 July 2018 – being inclusion, in respect of certain LRBAs, of the loan amount as at 30 June in the calculation of the total superannuation balance of participating members and the change to the definition of non-arm’s length income.

The inclusion of the LRBA loan amount in the total superannuation balance will, for participating members, primarily affect the calculation of their non-concessional contribution cap space. 

The change in the definition of non-arm’s length income will apply to LRBA arrangements where the interest rate is below market interest rates.

Additionally completely new chapters dealing with land tax in NSW and Victoria as land tax applies to super funds and holding trusts

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