COVID-19 and SMSF Property Valuations

Given the greater degree of uncertainty and subjectivity involved in determining market values in a COVID-19 environment and the additional risk of misstatement; all trustees will be required to have valuations done with supporting data on any property they hold in their SMSF with a valuation date of 30 June 2020 (unless a recent valuation [...]

2020-09-14T15:32:32+10:00COVID-19|

COVID-19 – Accessing your superannuation early

You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Making the decision to access your superannuation early is a significant one and if possible, should be encompassed by financial advice. The Australian Taxation Office have [...]

COVID-19 – Providing rental relief for the tenant in my SMSF property

The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed commercial arrangement. This may even be the case when the tenant is [...]