He's talking about the 'business real' test.
Buying a residence to live in with your super is generally not allowed.
There's an exception with farmland as long as it passes the business real test. The business leases the land & buildings (that can include accommodation) from the SMSF.
The lease needs to be done at market rates.
It's quite common for farmland to be owned by SMSFs.
Brisket
npub1jm…p6xcq
2023-03-09 22:26:01
in reply to nevent1q…37fp
Author Public Key
npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcqPublished at
2023-03-09 22:26:01Event JSON
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"created_at": 1678400761,
"kind": 1,
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"content": "He's talking about the 'business real' test.\n\nBuying a residence to live in with your super is generally not allowed.\n\nThere's an exception with farmland as long as it passes the business real test. The business leases the land \u0026 buildings (that can include accommodation) from the SMSF.\n\nThe lease needs to be done at market rates.\n\nIt's quite common for farmland to be owned by SMSFs.",
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