Rent relief guidance given on non-geared unit trusts
The Tax Office has provided further guidance on its regulatory position regarding rent relief for commercial tenants, in particular for SMSFs holding interests in interposed entities such as non-geared unit trusts.
The ATO has previously stated it will not take compliance action for the 2019–20 and 2020–21 financial years if an SMSF provides rent relief to a tenant.
Read more at SMSF Adviser.
