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How to manage your SMSF in TaxTank
How to manage your SMSF in TaxTank

Do you hold property in your SMSF? This article explains how to seamlessly manage your SMSF property in TaxTank.

Updated this week

Whilst there are special rules attached to self managed super funds (SMSF's) its important to know that properties held in SMSF's are accounted for in the same way as normal investment properties (ie. property incomes less property expenses) with any net profit taxable at the SMSF concessional 15% tax rate.

In TaxTank you can create your own property portfolios, including for properties held in your SMSF, to manage the incomes and expenses reportable in your SMSF tax return. At tax time you can simply invite your accountant who can review and download the property and depreciation schedules in real time.

To learn more about creating portfolios check out the related article I want to create my own portfolios.

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