ATO announces plans to review safe harbour rules
The ATO has stated it will be reviewing its safe harbour guidance in PCG 2016/5 to ensure it is still current in light of the proposed reforms to Division 7A.
Back in 2016, the ATO released Practical Compliance Guideline (PCG) 2016/5, which sets out the safe harbour terms on which SMSF trustees may structure their limited recourse borrowing arrangement consistent with an arm’s-length dealing.
Read more at SMSF Adviser.
