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10 traps in SMSF borrowing advice

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Australian Broker | 11 Feb 2013, 06:00 AM Agree 0
Demand for SMSF borrowing advice grew in 2012, but brokers need to be ware of the pitfalls
  • Will | 12 Feb 2013, 11:42 AM Agree 0
    It has been suggested that an LRBA can be entered into by selling an asset from a related party to the custodial trust and creating a loan from the SMSF to the related party.

    Others have suggested that the creation of a loan does not constitute "borrowing money" and therefore does not comply with s67A.

    Have you come across this issue and do you have a view?

    Thanks
    Will
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