In the 2021-22 income year the in-house asset rule was the second most reported contravention in auditor contravention reports (ACRs), this represented nearly 7,000 reported contraventions.
Don’t let your client’s SMSF become a contravention statistic! This webclass will arm you with the underlying knowledge about when an asset of an SMSF will be considered an in-house asset and whether it will be in breach of the rules. Mark will review key areas where issues can occur such as the interaction of in-house assets with the prohibition on providing loans or financial assistance to members and their relatives.
This webclass will involve the examination of real life case studies including a practical discussion of the issues and proposed solutions, and time to ask questions of the presenter, providing you with meaningful takeaways to implement when dealing with in-house assets.