SMSFs with impaired tenants – ATO rent relief | Practical Law

SMSFs with impaired tenants – ATO rent relief | Practical Law

The ATO has announced that it is taking no action in situations where an SMSF, which owns a business premise that is being leased to a related party, provides either a rent reduction or waiver of rent because of the financial impacts of the COVID-19 pandemic.

SMSFs with impaired tenants – ATO rent relief

Practical Law ANZ Article w-025-2481 (Approx. 6 pages)

SMSFs with impaired tenants – ATO rent relief

by Mark Ellem, Executive Manager, SMSF Technical Services, SuperConcepts
Published on 16 Apr 2020 • Federal
The ATO has announced that it is taking no action in situations where an SMSF, which owns a business premise that is being leased to a related party, provides either a rent reduction or waiver of rent because of the financial impacts of the COVID-19 pandemic.
This article is written from the perspective of compliance with superannuation rules and does not take into consideration the recently announced National Code of Conduct for commercial leasing.