#9058
Awan Hammad
Participant

    Hi Jean

    My view is that it would not normally be an “arm’s length transaction” or meet the “sole purpose test” if a SMSF forgave a loan.

    On that basis the loan should be repaid to the SMSF before it is wound up.

    Thanks

    SMSF AAA

    LOGIN

    New to this site? Sign Up

    We have upgraded our website for a better experience.

    Because of this upgrade, all members need to change their password to access their account by clicking the Forgot Password button below.

    Thank you and we look forward to your continued support!