The ATO has issued draft SPR 2020/D2 which when registered will exempt SMSFs that allow a rent deferral to a related party tenant from the in-house assets provisions in certain situations.
rent relief
Documenting SMSF COVID-19 rent relief
When an SMSF and its tenant have agreed to reduce the rent, how should the SMSF properly implement and document the rent relief?
Landlord’s Temporary Rent Relief Checklist
As a landlord facing a request for a rental review due to COVID-19, what are the steps to consider before agreeing or denying the request? Jonathon See from Townsends Lawyers assesses the steps required.
Can rent relief granted by a landlord SMSF amount to a breach of superannuation law?
Donald and Melania have an SMSF that owns several properties.
SMSF landlords and offering rent relief
A hot topic for SMSF trustees during the COVID-19 crises is whether SMSF trustees that hold land can offer rent relief to their tenants, in particular to related tenants, without breaching the superannuation laws.