https://www.propertyinvesting.com/members/grateful/activity/ Activity feed for grateful. Sat, 11 Apr 2026 13:07:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0bd78a9c784c0f6926ba06ef6a9c17a1 https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634739 Sun, 14 Nov 2010 03:44:23 +0000 Great post on your blog, thanks Evolve.This issue is so contentious, I've pretty much decided to buy off the plan instead, making sure the land and building are both in the one contract. Can't get into trouble that way.It's a shame really, however I can see the ATO's point, that adding value by using the fund's own money to improve the property…[Read more]

]]> 9c9132442b0b7671700bef81d35e19a0 https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634736 Sat, 30 Oct 2010 22:28:43 +0000 Scott No Mates – you are right, it makes no sense. I guess that renovations may be construed as property development, which can be risky. The new rule hasn't been thought through, I feel.Evolve, thanks, I have spoken to more SMSF people, including a couple of lawyers, everyone has a different opinion. Some say it's perfectly fine to use n…[Read more]

]]> ae646beaa19a3cc3db6a8f962bf43255 https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634733 Wed, 27 Oct 2010 10:53:41 +0000 Wow, thanks LR, that gives me much more confidence about the improvement issues. There are replacement issues also, in Section 67a and b of the SIS act (and in the Explanatory Memorandum) that don't make sense commercially ie an asset cannot be replaced, nor can the fund receive cash instead. I've been advised there are groups currently lobby…[Read more]

]]> 93734c42bf99dfa289b9d46105870328 https://www.propertyinvesting.com/topic/4401619-improve-a-property-in-an-smsf-compliance-issue/#post-4634731 Mon, 25 Oct 2010 23:29:12 +0000 Thanks for looking into this Mike, your answer makes sense. I've since been looking into ATO rules on replacement assets, and also what constitutes substantial vs cosmetic renovations. Cosmetic renovations are allowed apparently.  Although lots of examples are given, the info seems contradictory or ambiguous. I am concerned that as work is done o…[Read more]

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