SMSFs: Your ‘safe harbour’ guidelines have been released
SMSFs: Your ‘safe harbour’ guidelines have been released. Finally, SMSF trustees can get some assurance of doing the right thing. The ATO has released guidance on the arm’s length terms (commonly known as the “safe harbour” terms) when an SMSF acquires an asset under limited recourse borrowing arrangements (LRBAs). This has been a difficult issue
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