SMSF – Business Real Property

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      Lesson summary:

      The use of business real property in Self Managed Super Funds is restricted when investing with related parties, but these restrictions don’t apply to a market value purchase of business real property. Business real property generally refers to land or buildings used exclusively in one or more businesses, and it can have minor non-business use. It must be used mainly for a business to be considered business real property. Buying non-business real property from a related party can lead to breaches in super laws and significant fines. Therefore, seeking advice from an SMSF professional is advisable before purchasing property from a related party.

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