Hi Guys
When we recently did my SMSF's tax return the auditor asked my accountant to prepare a set of financials for the bare trust which seems weird to me.
Has anyone had the same experience?
I would have thought that the bare trust which is a company which isn't trading in anyway would not need to lodge a tax return.
Thanks in advance
When we recently did my SMSF's tax return the auditor asked my accountant to prepare a set of financials for the bare trust which seems weird to me.
Has anyone had the same experience?
I would have thought that the bare trust which is a company which isn't trading in anyway would not need to lodge a tax return.
Thanks in advance