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.
Joshua Walding CTA
Josh is a Director of SJN Chartered Accountants. He specialises in advising family owned SME groups across a wide range of industries in areas such as income tax, employment taxes, business structuring, performance improvement, tax planning, superannuation strategies and succession and estate planning. He also assists clients on preparing a business for sale or purchase and has undertaken various business valuations as part of due diligence processes. Josh has been involved with the Tax Institute's Membership Services Committee since 2013. Current at 02 December 2015
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.