Can any accountants help?
Before we pay an advisor ( incase we pay and they say can't happen and we waste $$) can someone help regarding if this is an option.
Long story short smsf rules stipulate you can't purchase property off a relative, but does this count if the property is owned by a trust and you purchase from the trust? ( with the trust owner being a parent)
My fathers site is able to be developed and I'm investigating if we can use super ( via setting up self managed superfund) to buy one of the townhouses.
Also what's the rules with selling later on if we had to.
Do all profits need to go back in ( ie we purchase for 200k off plan then sell for $400k what happens to the 200k profit)