{"id":14544,"date":"2017-11-22T01:00:09","date_gmt":"2017-11-21T14:00:09","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=14544"},"modified":"2017-11-22T01:00:09","modified_gmt":"2017-11-21T14:00:09","slug":"tax-qa-tax-implications-of-buying-in-smsf","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/tax-qa-tax-implications-of-buying-in-smsf\/","title":{"rendered":"TAX Q&A: Tax implications of buying in SMSF"},"content":{"rendered":"

Got tax queries regarding your property investments and wealth creation strategies?
\nYour Investment Property\u2019s team of tax experts are on hand to answer them.
\nEmail your question to: editor.yipmag@keymedia.com.au<\/a>
\nQ:<\/u><\/strong> My son owns property \u00a0in his personal name \u00a0and other properties in the name of his family trust. He is considering selling these properties and I am interested in purchasing them from him. Can I purchase these properties through my SMSF (of which he is not a member)? If I do purchase these from him, he will not be residing in or using them in any way. Does that transaction meet the \u2018arms length\u2019 rule with regard to dealing with family members?
\n– Thank you, Col\u00a0<\/strong>
\nA:<\/u><\/strong> When posing the question as to whether your SMSF can acquire property from your son, we need to clearly define each area involved Your SMSF cannot generally acquire assets from a related party unless they meet a handful of criteria. Before we look at this, we need to clarify what is a related party. The definition of who is a related party includes any relatives of the SMSF member and any trust that the member or their associates control. Based on this, your son would be considered a related party.
\nSecondly, for the property to be acquired from a related party it must be:<\/p>\n