SMSF – In-house Assets
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Lesson summary:
Investing for your SMSF can be difficult due to investment rules that must be followed, including the in-house asset rule. An in-house asset is an investment in a related party, and it cannot exceed 5% of total fund assets. Failure to comply can result in fines and the need to dispose of the asset. Trustees must monitor the value of in-house assets and may choose to avoid them altogether. It is advisable to consult an SMSF professional before making any investments.