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ATO rent relief approach raises questions, says SISFA

The Tax Office’s compliance approach to commercial rent relief from SMSF landlords raises questions as to what can be offered to related-party tenants, according to the Self-managed Independent Superannuation Funds Association.

ATO rent relief approach raises questions, says SISFA
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  • Shared by SMSF Adviser
  • May 27, 2020
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The ATO has previously confirmed in March that their “compliance approach for the 2019–20 and 2020–21 financial years is that we will not take action if an SMSF gives a tenant — even one who is also a related party — a temporary rent reduction, waiver or deferral because of the financial effects of COVID-19 during this period”.

Read more at the SMSF Adviser

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