Hi,
I would like confirmation that a member can sell to it's SMSF, a unit which I consider "business real property". The Unit is one which is part of the Mantra Group in the Crown Towers Qld. The unit is managed by Crown Towers and at the end of the month, owners receive a share of the "pool" from Crown Towers. I consider the unit to be part of the business structure of Mantra and the Member in question cannot deal with the property as he sees fit (ie. rent it seperately to the Mantra structure), except sell it when the time comes.
Please either confirm my interpretation as I'm sure I have read an ATO publication confirming this but cannot now find it.
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Thanks once again for a prompt and very informative respone.