Adding an awning to an SMSF property - allowable, if not a repair

I've had a request from the tenants of my SMSF property for an external canvas awning - currently, there is a glass double-sliding door (without internal blinds/curtains), that cops the full sun in summer and turns the place into a sweat box.

I'm very happy to put the awning on for them, but I need to ensure that it is 'allowable' under the SMSF property rules. I don't see it is adding value to the property (in terms of making it worth more money), but it is not a repair to an existing feature, either. I'm not sure how to classify it, and therefore, if it is an allowable addition.

Can anyone clarify this for me? TIA

 

Prob ok, you will need to read the relevant tax ruling on improving SMSF assets or seek legal advice

 

I thinks it’s ok - even less likely to be an issue if you do not used borrowed funds to add the awning.

Lots of info here and links to ato.
SMSF borrowing: Investing in property (what’s OK and NOT OK)

 

Perfectly acceptable provided its installed using a third party supplier and no borrowing is made for the cost. Provided the SMSF doesnt borrow money the fund could pay for an extension for example. The article would likely be depreciated

 

Hi there,

First get some quotes, retractible awnings for one of my sites was $5k!

"Generally speaking", use SMSF cash reserves not borrowed funds and you are fine.

Cheers Ivan