ATO zones in on benchmarking for related party loans

The ATO has taken a tough stance on a number of related party loans recently, determining that quotes obtained by SMSF trustees from lenders were not sufficient proof that their loan was on commercial terms.

by | 22 Oct, 2018

ATO ups surveillance activity on property investors

Speaking to SMSF Adviser, Australian Executor Trustees senior technical services manager Julie Steed warned that obtaining a quote from a lender may not be adequate proof that an LRBA is on commercial terms, with the ATO determining that a number of SMSFs relying on this evidence did not have loans on commercial terms.

Read the full article at SMSF Adviser.

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