PropertyInvesting.com | Tony Hoffman Chartered Accountant | Activity https://www.propertyinvesting.com/members/tony-hoffman-chartered-accountant/activity/ Activity feed for Tony Hoffman Chartered Accountant. Fri, 17 Apr 2026 18:27:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d8be6a006d45e19dd7c68d603c2a1b6b Tony Hoffman Chartered Accountant replied to the topic Repairs to IP owned by SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410847-repairs-to-ip-owned-by-smsf/#post-4989944 Wed, 30 Apr 2014 09:32:00 +0000 Hi Amy… It could be ok but certainly the SMSF cannot use further borrowings to make Improvements to any property subject to a limited recourse borrowing arrangement (ie a Smsf property subject to a borrowing). also, you need to ensure that the improvement does not change the character or nature of the property… Eg you cannot subdivide or…[Read more]

]]> f858a1f8b807af80fe53fd9af34bf604 Tony Hoffman Chartered Accountant replied to the topic Accounting advice on selling subdivided blocks. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4989924-accounting-advice-on-selling-subdivided-blocks/#post-4989942 Wed, 30 Apr 2014 09:24:59 +0000 Hi Bullion,

You will not get a full main residence exemption even if you build a house and live in it… That is because the main residence exemption can only apply to land purchased within 4 years of the property being constructed on it. Hence, you will always have a cgt event on the land as you have owned the land for more than 4 years. Once a…[Read more]

]]> 88841616ee4bbb1a20106c7d5dae6088 Tony Hoffman Chartered Accountant replied to the topic Structure and Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4410867-structure-and-loans/#post-4700198 Tue, 25 Mar 2014 11:34:21 +0000 Hi guys… Unless your father purchased the land before Sept 1985, the transfer of the lots to the kids will trigger capital gains tax for your father. Even if there is a house on the land, which has been your dad's main residence, the main residence exemption will not be available where post cgt land is subdivided and separately sold. Most…[Read more]

]]> c17a0d6fe09cb29892a8dce992f843f3 Tony Hoffman Chartered Accountant replied to the topic Repairs to IP owned by SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410847-repairs-to-ip-owned-by-smsf/#post-4700117 Thu, 20 Mar 2014 11:11:36 +0000 That ruling you talk about is where borrowing is used by your smsf to purchase a property (via a limited recourse borrowing arrangement).  The ruling covers whether your smsf can undertake further borrowing for "repairs" where the property is subject to an existing borrowing arrangement. If the repairs are minor, I would expect the smsf can use…[Read more]

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