What Happens to SMSF Property When a Member Dies?

Quick Answer

When an SMSF member dies, the property within the SMSF must be managed according to the trust deed and relevant superannuation laws. The property may need to be sold or transferred to beneficiaries, depending on the member's death benefit nominations and the fund's liquidity. Tax implications and compliance with Division 295 of ITAA 1997 are crucial considerations. Consulting with a Chartered Quantity Surveyor and a superannuation specialist is advisable.