The ATO has announced that their compliance approach for the 2019-20 and 2020-21 financial years is that they “will not take action if an SMSF gives a tenant (even if a related party to the fund) a temporary rent reduction, waiver or deferral because of financial effects of COVID-19”.
checklist
An SMSF name change in 4 steps
Townsends Lawyers often receives enquiries from clients who wish to change the name of their SMSF, due to a number of reasons, and are now wondering how to make sure their SMSF documentation reflects this change.
SMSF checklist when borrowing to buy a property
It is essential to have the necessary cash flow inside the SMSF to fund the ups and downs of investment property ownership.
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