News : Property

Heffron launches rent relief toolkit

September 17, 2020

Heffron has launched the second stage of its Super Toolkit, covering auditor and ATO requirements related to COVID-19 rent relief measures.

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ATO, Property

Regulator bulletin may be misleading

September 16, 2020

Darin Tyson-Chan

An ATO instrument regarding lease arrangements pertaining to property developments held by SMSFs is potentially misleading, a specialist lawyer has said.

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Property, Regulation

DomaCom gets downsizer approval

August 17, 2020

Darin Tyson-Chan

An ATO Administrative Binding Advice ruling obtained by DomaCom means individuals will be able to make downsizer contributions from the partial sale of a residence.

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ATO, Property

ATO seeks input on in-house asset exclusion

August 5, 2020

Tharshini Ashokan

The ATO’s draft legislative instrument excluding SMSFs that provided COVID-19 rent deferrals from acquiring in-house assets is open for consultation.

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Direct Property, Property

LRBA property count now required

July 23, 2020

Darin Tyson-Chan

SMSFs holding property under a limited recourse borrowing arrangement (LRBA) have a new reporting property count requirement on the 2020 annual return.

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Property

Rent relief instrument imminent

July 14, 2020

Darin Tyson-Chan

The regulator’s compliance approach to COVID-19 driven rent relief provided by SMSF landlords will shortly be legally formalised.

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Property

DomaCom snaps up first asset for new product

July 9, 2020

Tharshini Ashokan

DomaCom has acquired its first rent-to-own property as part of its new equity model product.

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Property, Tax

Rent relief a 2020 tax return issue

July 6, 2020

Tharshini Ashokan

The tax implications of rent concessions granted to tenants as a result of COVID-19 need to be taken into account for the 2020 financial year, an SMSF technical expert says.

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Property