In the lead-up to 30 June this year, the ATO announced it would allow an extension of time to meet the minimum yearly repayment for a complying Division 7A loan for those impacted by COVID-19.
Read more at Accountants Daily.
Division 7A relief available to SMSFs, ATO confirms
The ATO has confirmed that SMSFs will be able to request an extension of time to meet their minimum yearly repayments for complying Division 7A loans.
