Published on 30 Jul 10
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- what is business real property?
- impact of having business real property?
- elements of the business real property definition - paragraphs 11-39 of SMSFR 2009/1
- what activities constitute a business?
- the connection between the property use and the business activity
- the "wholly and exclusively" threshold
- examples of business real property
- common errors when dealing with business real property in SMSF's.
Current at 07 March 2016
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