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ATO confirms Div 7A COVID LRBA loan relief
Compliance, COVID-19, LRBABy Aaron DunnMarch 31, 2021Leave a comment

The Australian Taxation Office (ATO) as part of its response to the coronavirus pandemic (COVID-19) indicated that it would not apply compliance resources for the 2019-20 and 2020-21 financial years for SMSFs that sought loan relief for LRBA related party loans. This relief applied for related party loans that complied with the safe harbour guidance…

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