Rent relief with 13.22C unit trusts needs ‘paramount’ care

It is “paramount” for SMSFs holding business real property under a 13.22C trust to keep this important element in mind when providing rent relief to tenants due to COVID-19, warns an SMSF auditor.

by | 27 Apr, 2020

SMEs worried about growth: survey

According to Peak Super Audits managing director Naomi Kewley, non-geared unit trusts and companies must deal continually on an arm’s-length basis or lose their status as Reg 13.22C vehicles — which generally precipitates the SMSF’s disposal of its shares or units as in-house assets.

Read more at the SMSF Adviser.

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