Guides to SMSF Borrowing Vols I & II Now Updated

Vol I  begins the journey for those that need a ready reference to the basics of a super fund gearing. It is an everyday workbook to assist in deploying a compliant super fund borrowing and takes the reader through the 5 basic elements of a super gearing and the 15 common steps in the transaction, all the while pointing out where the hidden traps are.

Volume II  tackles the finer points of the borrowing law and how the borrowing process relates to many of the other areas of necessary superannuation compliance such as taxation of the Holding Trust, deemed contribution issues, multiple lenders, recycling the Holding Trust, building allowances, Mortgages requiring life insurance as additional security, property development within an SMSF, the impact of Member bankruptcy on SMSF borrowing and more.

Both volumes have now been updated to reflect changes in law, regulations and Tax Office Guidelines in the recent past.