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Don't forget the LRBA deadline

13 December 2016

SMSF trustees have until 31 January 2017 to ensure that any LRBA that their fund has is on terms consistent with an arm's length dealing or, alternatively, is brought to an end by 31 January 2017.

In addition, payments of principal and interest must be made under LRBA terms consistent with an arm's length dealing.

If you require any assistance with getting any LRBAs on commercial terms prior to the deadline, please contact us.

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Amanda Tully is a business lawyer whom acts for clients on a wide range of business succession and other commercial matters. Amanda’s experi.. Learn more about Amanda Tully

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