GST and SMSFs

Understand the GST rules for SMSFs, from setup to winding up, including property, contributions, registration and common mistakes.

In this session, we cover:

• Part One: The myth about GST and super funds

  • Why "don't register" is a myth

  • The deemed enterprise rule

  • The Collins case

• Part Two: Registration and GST input tax credits

  • Required vs entitled to register

  • What counts towards $75,000

  • Financial supplies and 75% reduced credits

  • When and how to claim credits

• Part Three: The GST lifespan of an SMSF

  • Set up and in specie contributions

  • Property, going concern and margin scheme

  • Paying benefits in cash or in specie

  • Winding up and cancelling registration