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SMSF Updates

ATO guidance on new labels in 2019 SMSF annual return

20 Jun, 2019

New questions have been added to the 2019 SMSF annual return to report:

-whether Part A of the audit report was qualified, in addition to Part B
-the outstanding limited recourse borrowing arrangement (LRBA) amounts for each member
-cryptocurrencies, which were previously reported at the ‘other overseas assets’ label, at a dedicated cryptocurrency label
-the total value of all downsizer contributions made by the member and the date the downsizer contribution was received by the fund.

For more information, please refer to this link: 2019 SMSF annual return – guidance on new labels

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