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Grand Gulf Energy

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Grand Gulf Energy (GGE) News

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Kalkine
Neutral
23 Sept

Already Have an SMSF Property Loan? Why Grandfathering Protects Existing LRBAs

Highlights Existing LRBAs entered into before the commencement of the new rules are generally unaffected by the residential property borrowing restriction. Grandfathering does not remove ongoing SMSF obligations covering documentation, arms length dealings, investment strategy and liquidity. Refinancing or changing an existing arrangement requires careful consideration because the treatment can depend on the circumstances. For trustees with an existing geared property arrangement, the introduc...