Changing A SMSF Trustee to a Corporate Trustee
Benefits of a Corporate Trustee 1. Changing Members If an SMSF is set up with a corporate trustee structure you can add a member (e.g. a spouse or child) or remove a member (e.g. if a member dies or can no longer act as trustee) with much less hassle than an individual trustee structure. If there is a ch...
Our Legal Fees & Services
At GMH Legal we believe that client relationships matter more than time sheets which is why we offer a range of alternative fee arrangements to best suit your needs. Our focus is on client service and establishing mutually rewarding relationships with our clients. We think that billing by the hour does not ...
Homebuyer’s Guide to Conveyancing
Buying your first home can be a confusing process, particularly when it comes to conveyancing. Taking your first step on to the property ladder can be an exciting time. But for those who have never been involved in a property purchase, the conveyancing process can often seem hard to understand. What i...
ATO has SMSF property investors in its sights
The Australain Taxation Office (ATO) has warned trustees of SMSFs to be cautious when investing in property. Acting commissioner Bruce Quigley says he is concerned people are using their SMSF to invest in property without fully understanding their obligations under the law – or that some are seeking to take adva...
The “standard” trust deed
We’ve heard this so many times. You ask the question to a trustee or even an accountant or adviser - “what trust deed are you using?” And the answer is “oh, you know, just a standard SMSF trust deed”. Standard…… is there any such thing ? What’s the big deal? The big deal is that your trust d...
Increase in SMSF levy
The Government have announced an increase in the SMSF levy from $191 to $259 per annum from 2013-14 onwards. They say that this due to the fact that the current levy is not fully covering the costs of regulating the sector. While they were at it, they also announced that the collection of the SMSF levy will ...
Trust deed interpretation, reviews and amendments
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