While the SMSF can purchase a residential property from a non-related third party, it cannot purchase a residential property off a member or related person of the member. An SMSF can, however, purchase listed shares or business real property (commercial and industrial) off a member.
Ask our SMSF Auditor Julius Mather 03 9404 2737
Suite 7, 545, McDonalds Road,
South Morang
VIC 3752
AUSTRALIA
Name: Northcity Accountants
Bank Name: Westpac Banking Corporation
BSB: 033 073
Acc No: 461482
P O Box 1030, Epping,
VIC 3076 Australia
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