Super Toolkit: COVID-19 Rent Relief

A quick and easy-to-use guided document tool that contains everything you need to navigate and optimise SMSF compliance and tax for your SMSF clients.

COVID-19 Rent Relief

Heffron Super Toolkit

We are building a range of SMSF components including wizards, calculators, forms and guided documents that will support you and your clients through their unique SMSF journey.

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The COVID-19 Rent Relief pack is the second component of the Heffron Super Toolkit.

As a consequence of the COVID-19 pandemic, some SMSFs that own commercial property may have provided rent relief to their tenants to recognise that the tenant is suffering financially and can't comply with the standard terms and conditions of their lease. Where the tenant is a related party, care must be taken to ensure any rent relief complies with the superannuation laws.

The COVID-19 Rent Relief pack is designed to help an SMSF landlord document the reasons for their provision of rent relief (sufficient to satisfy auditor and ATO requirements).

Benefits of the COVID-19 Rent Relief Pack

Peace of mind

The COVID-19 Rent Relief documentation takes into account the constraints of the ATO's compliance concessions in this area, so the client can be confident that the documents produced will meet auditor and ATO scrutiny. It is only appropriate in cases where the tenant is a business rather than for residential property.

Sharing with clients is easy

The toolkit component is designed to be shared with clients. Documents can be previewed, downloaded, shared with another user in the same way as the Investment Strategy.

Practical expertise

Our incredible technical knowledge and understanding of SMSFs has contributed to creating this valuable tool. This form is designed to help an SMSF landlord document the reasons for their provision of rent relief (sufficient to satisfy auditor and ATO requirements).

Deliver a high level of service

The COVID-19 Rent Relief documentation doesn’t simply produce template documentation. It walks users through the ATO’s requirements for compliance relief, helping users identify the drivers for rent relief and articulate the reasons why relief should be given in particular situations, and highlights rent relief risks.

Increase your productivity

Our easy to use guided COVID-19 Rent Relief documentation helps you become more efficient when determining eligibility. It will educate you on some of the external benchmarks that are available.

Enable client accountability

The tool is designed to help your clients be compliant and accountable for temporary rent relief provided by an SMSF Trustee that owns property leased to a business impacted by COVID-19. It is only appropriate in cases where the tenant is a business rather than for residential property. 

Who is it for?

Accountants

Create the supporting documentation you need for COVID-19 related rent relief. Let our documentation help you determine eligibility for your SMSF clients.

Advisers

Quickly and easily create documentation that steps you through the ATO's requirements and eligibility criteria – recommend to trustees and accountants. 

Auditors 

Recommend this guided document to accounting clients to help an SMSF landlord document rent relief in compliance with the ATO.