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ATO announces plans to review safe harbour rules

The ATO has stated it will be reviewing its safe harbour guidance in PCG 2016/5 to ensure it is still current in light of the proposed reforms to Division 7A.

ATO announces plans to review safe harbour rules
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ATO announces plans to review safe harbour rules

Back in 2016, the ATO released Practical Compliance Guideline (PCG) 2016/5, which sets out the safe harbour terms on which SMSF trustees may structure their limited recourse borrowing arrangement consistent with an arm’s-length dealing.

Read more at SMSF Adviser. 

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