SMSF – Get All Available Deductions

In The Black published a timely reminder of the available tax deduction for SMSF to optimise your tax position but keep you well within the law.

Remember the sole purpose test – your SMSF must act for the sole purpose of providing retirement funds to members and NOT to provide current benefits to you or other members.

Your SMSF can’t provide loans to members of the fund or their relatives.

Check the the expense makes sense withint the context of your fund.

Do these expenses apply: bank charges, brokerage, filing fees, fines, interest paid, life and TPD (Total and Permanent Disability) insurance premiums, valuation and storage costs, property expenses, relevant training courses, subscriptions, administration software and depreciation on plant and equipment. 

Recent Comments

No Comment.


Our Location

MJA Business Solutions
Suite 2 & 3/24 Edgar Street,
Coffs Harbour NSW 2450

The Big Red Building
Cnr Mildura & Edgar St

PO Box 4504
Coffs Harbour Jetty NSW 2450

Make Appointment

Please fill up the form below.