Hi Everyone, I had an important SMSF question please for all the accountants who are knowledgeable about SMSF with pre 1999 unit trusts. I have a SMSF with a unit trust, with a commercial property in the unit trust with $50,000 in borrowings still remaining. Now with 30 June 09 fast approaching, as far as my understanding I can't issue more units to my SMSF after 30 June and repay the borrowings which leaves me with a big problem. What happens after 30 June? How do I repay the loan or does it stay forever since I cannot contribute more money (more than 5% anyway) into an in house asset? My accountant is adamant that the only way around this is to make a concessional contribution to super pay the contributions tax, invest in more units in the unit trust and extinguish the loan. Only problem is I don't have a lazy $60k in my business to do this. What are my options? I've heard some people say the loan doesn't need to be paid but I can pay it off later via deemed distributions, but what does this mean? Any help please would be greatly appreciated as I'm panicking a bit now we're only 3 months away from the deadline. PS - selling the commercial property to extinguish the loan is not an option the commercial property is my business premises. Thanks for your time everyone.