U Total Australian and overseas assets

Write at U the total of A to T (including J but not including J1 to J6).

If the total of A to T is zero (that is, the SMSF has no assets) write 0 at U.

An SMSF that has no assets must be wound up. If the SMSF has no assets it must have answered Yes in Section A at 9 Was the fund wound up during the income year?

Last modified: 12 Aug 2016QC 48236