Did the SMSF have any outstanding borrowings (where the SMSF is the borrower)?
No |
Leave V blank. Go to W. |
|---|---|
Yes |
Read on. |
Write at V the total value of outstanding borrowings by the SMSF (including accrued interest) on 30 June 2016. Include borrowings under a limited recourse borrowing arrangement.
SMSFs are prohibited from borrowing to invest except in certain limited circumstances. For more information, see Limited recourse borrowing arrangements by self-managed superannuation funds – questions and answers.