This session focused on the transfer of business real property to an SMSF. It will covered the available options to hold property via unrelated entities and within the in-house asset restrictions. The session:
- examined the law and practice under both the Superannuation Industry (Supervision) Act 1993 (Cth) and income tax in acquiring and holding property, including options to fund the purchase
- explored real-life situations, including whether sole purpose is ever an issue
- possible changes to the regulations.