2023 Superannuation

The role of the SMSF in primary production enterprises

Source: QLD, Online

Published Date: 15 Jun 2023


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With the Australian Taxation Office’s recent focus on audit and compliance of self-managed superannuation funds, it is a good time to review client’s existing arrangements. This session explores the unique challenges facing farming families who use SMSFs as part of their business operations and wealth transfer strategies, including:

  • How to move and hold farming assets in the SMSF – acquisition, improvement, and generational transfer
  • Owning a residence on farmland in the SMSF – the ability to acquire and hold farmland, maintaining and improving property, housing members and employees
  • Considering the estate planning opportunities once the farmland is in the SMSF; and
  • Understanding the Australian Taxation Office’s views on Non Arms Length Income (and Expenses) and the interplay with specific rural property issue.


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2023 Superannuation

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