jtaylor,
I dont think it is so much the % as more to do with the 'in-house' rule. Trying to remember what the exact detail is but think it is something like - If it forms part of your investment i.e. is done on comerical terms. The story I remember most is the one where the fund lent the business a large sum of money to tide them over a period of a shortage in cash flow. This was counted by the ATO as a non-investment loan......or something similar. Which is why I added "...in fact dont lend money". If the ATO decide you have done wrong they can fine you and remove the tax status of the fund as a SMSF. For me not worth the effort.
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jtaylor,I dont think it is so much the % as more to do with the...
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