The new LRBA rules do more than remove gearing for residential property. They bring the business real property definition into a front-of-mind compliance issue where it matters most. More pressure is placed on grey areas, particularly where residential property is used in a business, forms part of a broader property business or includes both business and private elements. Here's what you need to know.

Given the differing views in the industry, does the absence of a related-party lease arrangement affect an SMSF's in-house assets ratio? Here's what you need to know

SMSF compliance is not only about what a related unit trust holds today, it’s also about what it held in the past. In this article, I discuss the “forgotten” Reg 13.22C rule that can permanently convert an otherwise-compliant unit trust into an in-house asset. The problem is that a breach can arise even where the trust appears compliant at the time the SMSF acquires units due to the three-year asset look-back rule. Here's what you need to know.