Quantcast
au iconAU
au iconUK
au icon AU
uk icon UK

 

 

COVID-19 rent relief has LRBA complications

SMSF landlords wanting to provide rental relief to tenants as a result of COVID-19 may encounter complications if they have borrowed money under a limited recourse borrowing arrangement despite the ATO’s recent lenient stance, a law firm warns.

COVID-19 rent relief has LRBA complications
smsfadviser logo
  • Shared by SMSF Adviser
  • •
  • April 01, 2020
  • •
  • 1 minute read
Share this article
COVID-19 rent relief has LRBA complications

Earlier this week, the Australian Taxation Office said it would not be taking action where an SMSF gives a tenant a temporary reduction for the 2019–20 and 2020–21 financial years as a result of the effects of COVID-19.

Read more at SMSF Adviser. 

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox