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Home / SMSFs / SMSF investing / SMSFs and property / Property development in an SMSF: ATO guidance

Property development in an SMSF: ATO guidance

Garth McNallyGarth McNally
Updated

There has been a considerable increase in property development activity by self-managed super funds (SMSFs) over recent years, prompting the ATO, as the regulator responsible for SMSFs, to take a closer look.

As a result, the ATO has released regulatory guidance setting out its concerns and providing direction to trustees in two key areas:

  1. Diverting property development profits into an SMSF: Taxpayer Alert 2023/2 released 15 June 2023
  2. Compliance concerns and the potential risks of property development activity through an SMSF: SMSFRB 2020/1 released 13 March 2020.

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About the author

Garth McNally
Garth McNally
Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).
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