Topics on self-managed superannuation fund – SMSF (10)

Expenses for SMSFs Benefitting from Trusts

When a super fund gets money from a trust and earns income as a beneficiary (for example, it gets a share of a trust's earnings), certain expenses incurred in getting that money can affect how it's taxed. If the expenses are not typical (or there are no expenses), the income might be taxed at the highest rate. This applies when:

• A super fund spends money in a non-standard way to get a stake in the trust (like buying units in a trust).
• The fund takes out a loan in a non-standard way to get money for its stake in the trust.

This update makes sure that the rules about unusual expenses apply consistently, whether the income comes directly to the super fund or through its stake in a trust.

If you need more information, feel free to contact Tax Ideas Accountants & Advisers at +61 2 83181545. You can also schedule an appointment using our live calendar.

• Topics on self-managed superannuation fund – SMSF (1)
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