New Rules On SMSF Borrowing
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  Running Time: 8:05 Date: 01/11/2011 A recent ATO draft ruling has sought to clarify property investment by self-managed super funds. So how do things stand now? Since self-managed super funds were allowed, four years ago, to borrow to buy assets, the ATO has made several moves to remove uncertainties about the arrangement - the latest a draft ruling in September this year. Tax expert Michael Jones, of Cummings Flavel McCormack says the rules are complicated and some uncertainty still exists, so it's important to take advice. The concept of the Single Acquirable Asset means each case has to be looked at in detail to see whether it will comply with current tax law. Topics: Accounting & Tax |
 Michael Jones, Cummings Flavel McCormack |