Is this allowed?

My daughter is in the process of selling the unit where she now lives to move to a bigger house.

I want to buy the property at market value outright from the pension fund of my SMSF which I jointly hold with my wife. It will form part of our portfolio in the SMSF and we will rent it through an agent at market value to a third party not related or known to us.

Am I doing this within the rules of the SMSF?

A: The super laws don’t allow you to acquire a residential property from the relative of a member.  Unfortunately this means your transaction isn’t allowed.



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