The ATO released a draft Self Managed Supernnuation Funds Ruling – SMSFR 2011/D1.  This ruling discusses the application of two key concepts in relation to LRBAs; what constitutes a “single acquirable asset” and clarification in relation to the distinction between a “repair” and an “improvement” for LRBA purposes.  According to the ICAA, the Commissioner has taken … Continue reading ATO Draft Ruling on Limited Recourse Borrowing Arrangements (LRBA)