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Owning Property · Koste Knowledge Base

What is the Sole Purpose Test for SMSF Property Investment?

Quick Answer

The sole purpose test ensures that a Self-Managed Super Fund (SMSF) is maintained for providing retirement benefits to its members or their dependants in the event of death. For SMSF property investments, this means the property must genuinely serve the purpose of benefiting members' retirement savings and not provide any immediate benefit to members or related parties.

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