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ATO reveals new SMSF property development bulletin

By Adrian Flores
01 May 2020 — 1 minute read

The Australian Tax Office has published its inaugural regulator’s bulletin addressing concerns surrounding property development through self-managed super funds.

In a statement, the ATO said the aim of the bulletin is to share its concerns early to help trustees make informed decisions about your SMSF.

It will outline a number of common mistakes that can arise in some arrangements and what trustees should do where contraventions or regulatory concerns are identified.


“An increasing number of SMSFs are entering arrangements to purchase and develop real property for subsequent disposal or leasing. In particular, we're seeing a number of arrangements in which the investment activity is undertaken using joint venture arrangements, partnerships or investments through an ungeared related unit trust or company,” the ATO said.

“If you're considering developing property within your SMSF or investing in a related property development entity or venture, we strongly encourage you to seek independent professional advice. In some cases, you may also wish to approach us for advice before doing so.”

The ATO publishes regulator bulletins on its database, of which advisers and trustees can subscribe to be notified when new or updated information is published.

More to come.

ATO reveals new SMSF property development bulletin
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Adrian Flores

Adrian Flores

Adrian Flores is the deputy editor of SMSF Adviser. Before that, he was the features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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