Business Real Property

Business Real Property for SMSFs

Business Real Property, SMSFsWhat is and isn’t business real property is important for SMSFs because it can determine if the fund can enter into transactions with related parties.

The definition of ‘business real property’ is used in determining:

  • If an SMSF can purchase property from a related party
  • If an SMSF can lease property to a related party

This means that an SMSF may be able to acquire business real property from a member, and lease it to a member, where that would not be allowed for other types of property.

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