SPR 2020/D2 – SMSF ‘in-house asset’ exemption for rental income deferrals during COVID-19 period – ATO issues Draft Determination

On Mon 3.8.2020, the ATO released a Draft Legislative Instrument proposing to provide an in-house asset exemption for an asset that is attributable to the deferral of rental income measures implemented to provide financial relief as a result of COVID-19.

See below for details.

[Tax Month – August 2020]