SMSFs and overseas seminars
The ATO says that it is keeping an eye on promoters who advertise questionable SMSF conferences in overseas destinations.
The promotions target SMSF trustees citing they can claim a deduction for the full cost of the travel, accommodation and meals component incurred when attending these seminars or workshops.
The conferences appear to contain minimal training related to SMSF activities and the ATO is likely to target any such expenses claimed by SMSFs.