SMSF- What are the Rules?

Did you know?

You can only buy property through your SMSF if you comply with the rules.

The property:

  • 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.