SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group

SMSF NS114 : The new NALE rules, related party LRBA’s and a year end wrap up

·15 min·1 clip

Trustees doing property repairs themselves could face a $4,500 tax bill on what should have been a $5,000 expense.

Chris Reid and Sarah Power provide year-end updates for SMSF trustees, covering new NALI tax rules for non-arms-length expenses, compliance reminders for related party loans, and contribution strategy planning before June 30. They explain how trustees doing property repairs themselves could face 45% tax on double the market value of those expenses.

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