IHA Rental deferral exemption determination now finalised

The Australian Taxation Office (ATO) has now registered SPR 2020/2 which applies to the trustee(s) of a SMSF where the fund acquires an in-house asset from a deferral of rental income under a lease due to COVID-19.  This determination became effective from 27 November 2020. As a result of the financial impacts of COVID-19, some…