I am a beginer. I have just set up an SMSF and rolled my super into it; all of this is concessional. I have now contributed some non-concessional funds into this SMSF. Do I need to keep the concessional and non-concessional amounts in seperate accounts?
I am looking at buying some rare coins at auction for my SMSF. The costs of acquiring the coins include the winning bids, the buyer’s premium (usually 15%), plus postage and handling. My question is, are the buyer’s premium and the postage and handling tax deductible?
Bluescope Steel (BLS) trades at about 40 cents (1 May 2012), a big discount to its NAV (was $2.30 a share at 6 November 2011, but certainly much less now). Is this a “deep value” recovery stock worth accumulating?