SMSF landlords wanting to provide temporary rent relief for tenants suffering economic hardship due to the COVID-19 crisis can now do so without fear of the ATO taking adverse action, as long as it is reasonable and measured. There are no limitations on how an SMSF provides rent reduction, other than that it is temporary. An SMSF can determine: The amount of rent reduction provided How long to provide the rent reduction for (although the ATO are currently only applying their no compliance approach for the 2020 and 2021 financial years). The tenant can be: A related party or related trust A member, … Continue reading Temporary COVID-19 Rent Reduction for SMSF Landlords