ATO update on Property Development

An overview and insight into the ATO’s concerns with SMSF’s and property development

There has been a considerable increase in the level of SMSF property development activity over recent years which has now led to a number of regulatory concerns being raised by the ATO. 

Although a legitimate SMSF investment, getting things wrong when it comes to property development can cause significant compliance and tax issues for your clients. 

This session will look closely at:

• The specific SIS rules and how they apply to property developments within a SMSF.
• Why there has been an increase in regulatory focus and what the ATO may be looking for inside your clients SMSF’s.
• How related party involvement in the development process can result in negative compliance and tax outcomes.
• How the NALI, NALE and the SIS arms-length rules apply in different client scenarios.

Learning Outcomes:

On completion of this session, you will be able to:

• Understand the ATO concerns around property development activity.
• Identify clients who may be subject to closer regulatory scrutiny.
• Implement appropriate strategies for clients looking to be involved in SMSF property development and how to manage both your clients and the regulators expectations.
• Understand what impact this regulatory focus has on parts of your practice and your clients

Suited to:

All SMSF Accountants, SMSF Advisors & Financial Advisors

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz