SMSF- What are the Rules?
Did you know?
You can only buy property through your SMSF if you comply with the rules.
Must meet the 'sole purpose test' of solely providing retirement benefits to fund members
Must not be acquired from a related party of a member
Must not be lived in by a fund member or any fund members' related parties
Must not be rented by a fund member or any fund members' related parties.
However, your SMSF could potentially purchase your business premises, allowing you to pay rent directly to your SMSF at the market rate.