- April 07, 2020
While under normal circumstances there is a requirement that SMSF rentals to be at proven market rates, but due to the financial effects of the coronavirus pandemic the ATO has given permission for SMSFs to reduce the rent for the 2019/20 and 2020/21 financial years.
This means that SMSFs that own commercial premises leased to a related party have some relief from the impacts of COVID-19.
- April 06, 2020
Occasionally we come across articles, or posts that we believe could interest others, this is one. This article is written and published by Julia Hobsbawn (more details in the article) and appeared on LinkedIn on Ist April. Julia talks about six key elements. To quote her: “We focus less on the complexities of modern life – ambition, careers, money – and more on the simple essentials: Love, community, survival.” We hope you enjoy the article.
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