Professionals have been warned there is a “fine line” between member benefits and death benefits where a member plans to withdraw shortly before death.
SMSFs have been warned on some of the challenges in proving ownership of crypto assets, with only certain exchanges allowing SMSF accounts to be registered.
With property deductions a big focus for the ATO this tax time, SMSFs have been warned on some of the pitfalls in this area that can land them in trouble.