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Notes Online Home 2019 Super Schools Day 1 What’s new for SMSF’s
Deductions for holding vacant land to be removed for SMSFs from 1 July 2019
In this segment of the seminar notes, we discuss the removal of deductions for holding vacant land for SMSFs from 1 July 2019. In particular, the following:
• Overview of the current rules for deducting the costs of holding vacant land
• The proposed new rules for claiming holding costs for vacant land from 1 July 2019
• What are the implications of the proposed changes for SMSFs that hold vacant land?