- Technically Speaking
- Investment standards
As the dust begins to settle following recent legislative changes to the non-arm’s length income (NALI) provisions, attention has shifted from NALI to the more nuanced issue: what happens when an SMSF incurs less — or no — expenditure under a non-arm’s length arrangement? In this edition, we unpack the implications of non-arm’s length expenditure (NALE) and what it means for the amount of penalty tax funds may be faced with.
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The contents of this resource are taken to be correct at the time of publication.
Complimentary CPD available for Technically Speaking
The SMSF Association Technically Speaking publication is worth 1 CPD hour (SMSF Association accredited) and 1 legislated CPD hour under the Regulatory Compliance, Technical Competence and Tax Financial Advice categories.
Complete the quiz located at the end of your reading and achieve a score of 70% or more (7/10) to be awarded your CPD hours.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association