In response to industry feedback, the ATO has this morning confirmed it will extend the due date for lodgment of SMSF annual returns for 2015/16. Source: ATO extends crucial deadline for SMSFs – SMSFAdviser Magazine

Provides information about the law companion guide on capital gains tax relief. Source: Transitional CGT relief | Australian Taxation Office

From 1 July 2017, the government will introduce a $1.6 million cap on the total amount that can be transferred into the tax-free retirement phase for account-based pensions. Source: Introducing a transfer balance cap of $1.6 million for pension phase accounts | Australian Taxation Office

What will be the key compliance risks and challenges for SMSF loans this year? Source: Compliance and SMSF loans in 2017 | Accountants Daily

Draft regulations that propose removing the fund-capped contributions rules, if implemented, could open up new strategies for business real property assets and foreign fund rollovers, according to DBA Lawyers. Source: Draft regulations tipped to simplify property transfers

Further information about the requirement for bank account details of SMSFs. Source: Common errors on SMSF annual returns | Australian Taxation Office

Source: ATO ruling gets the thumbs up from SMSF Association – SMSF Association

LRBA and NALI – Interaction and application of PCG 2016/5 and TD 2016/16. Source: Limited recourse borrowing arrangements and Non arm’s length income | Australian Taxation Office