This month in Your Knowledge, we look at:
- Tax exemption for 'granny flat' arrangements:
To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. We look at how the exemption is likely to work and the issues it seeks to resolve. Read More
- The New Lifetime Director IDs:
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers. We explore how and why. Read More
- Your SMSF: when expenses and investments are not at arm's-length?
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers.