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Owning Property · Koste Knowledge Base

Can an SMSF Buy Commercial Property from a Related Party?

Quick Answer

Yes, an SMSF can buy commercial property from a related party under specific conditions. The transaction must be at market value and comply with the sole purpose test under the SIS Act. Commercial properties are exempt from the in-house asset rule, unlike residential properties.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai