Getting particular about property – Leases, COVID relief, intermediary LRBAs

National Conference 2022

This session will outline some of the issues that arise when SMSF’s own property and will provide practical steps on how to avoid non compliance.

The session will cover:

  • What constitutes a ‘lease arrangement’;
  • The current state of play with regard to the COVID relief measures for SMSFs holding direct property, and;
  • Intermediary Limited Recourse Borrowing Arrangements.

At the end of this session, you will be able to: 

  • Understand the impacts of COVID-19 on property leases and how to ensure the SMSF remains compliant;

  • Differentiate between traditional Limited Recourse Borrowing Arrangements and Intermediary Limited Recourse Borrowing Arrangements and the associated documentation, and;

  • Identify how to maintain appropriate documentation in different scenario’s of SMSF property ownership.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association