{"id":2773,"date":"2024-03-12T09:43:42","date_gmt":"2024-03-11T23:43:42","guid":{"rendered":"https:\/\/wiselinkaccountants.com.au\/?p=2773"},"modified":"2024-03-12T09:43:44","modified_gmt":"2024-03-11T23:43:44","slug":"ato-warning-regarding-prohibited-smsf-loans","status":"publish","type":"post","link":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/ato-warning-regarding-prohibited-smsf-loans\/","title":{"rendered":"ATO warning regarding prohibited SMSF loans"},"content":{"rendered":"\n<p>Loans to members continue to be the highest reported contravention of the superannuation laws that the ATO sees in auditor contravention reports.<\/p>\n\n\n\n<p>SMSF trustees should remember that they cannot loan money or provide other forms of financial assistance to a member or relative, and if they do, they can incur a penalty of up to $18,780.&nbsp; They may also be disqualified as a trustee.<\/p>\n\n\n\n<p>SMSF trustees also cannot loan money to a related party, such as a business, where the value of the loan exceeds 5% of the value of the fund&#8217;s total assets, as this is a prohibited &#8216;in-house asset&#8217; investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loans to members continue to be the highest reported contravention of the superannuation laws that the ATO sees in audit [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17,61,18,19,20,21],"tags":[66,63,72,70,62,73,64,93,92,65],"class_list":["post-2773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-topics","category-business-solutions","category-english-post","category-business","category-market-research","category-professional-planning","category-world-of-business","tag-accountants","tag-ato","tag-bas-agent","tag-small-business","tag-smsf","tag-superannuation","tag-tax","tag-tax-accountant","tag-tax-agent","tag-taxreturn"],"_links":{"self":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/comments?post=2773"}],"version-history":[{"count":1,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2773\/revisions"}],"predecessor-version":[{"id":2775,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2773\/revisions\/2775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media\/2774"}],"wp:attachment":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media?parent=2773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/categories?post=2773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/tags?post=2773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}