Paying SMSF Expenses to a Trust

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Dawsy123, 15th Apr, 2015.

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  1. Dawsy123

    Dawsy123 New Member

    Joined:
    1st Jul, 2015
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    Location:
    VIC
    Hello All

    Im hoping there is a wise person out there who can provide me some guidance on if my SMSF is allowed to pay admin expenses to a Family trust.

    The scenario is as follows.

    SMSF with corporate trustee that is actively share trading/investing
    Discretionary trust with same trustee that is actively share trading/investing.

    Basically Im spending about 10 -15 hours a week researching companies, monitoring markets, buying, selling, setting stop losses etc

    Im wondering if the ATO would allow my trust can charge my SMSF for a portion of these activities ?

    Let me know your thoughts

    Cheers
    Steve
     
    Dawsy123, 15th Apr, 2015
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Noooooope.
     
    Terry_w, 16th Apr, 2015
    #2
  3. Christianrenel

    Christianrenel Active Member

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    Sydney
    SMSF work

    Hi Dawsy123,

    I have to agree with Terryw, you are not allowed to charge the SMSF for the work you have provided.

    Kind Regard


    christianrenel

    [email protected]
     
    Christianrenel, 20th Apr, 2015
    #3
  4. Dawsy123

    Dawsy123 New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    VIC
    Thanks for you advice.

    was hoping that the trust having its own ABN would allow it to provide professional services to the Smsf.
     
    Dawsy123, 22nd Apr, 2015
    #4
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