5% in-house asset deadline approaching

The 30 June 2009 deadline is rapidly approaching by which any of the following investments in a Self Managed Superannuation Fund (SMSF) must not form more than 5% of the total market value of the SMSF's assets:

• loans to, or investments in, related parties of the fund; 
• units in a related trust; 
• leases of assets to, or from, related parties (excluding business real property). 

Please contact us if you would like to know more about the in-house asset rules.