Where an SMSF has an asset that is an in-house asset, that alone is not a breach of the superannuation rules. The breach is where the rules that apply to an in-house asset are not followed. Consequently, it’s important to understand when an asset is an in-house asset, and which in-house asset rules apply. In this second part of a two-part series, we consider the application of the in-house asset rules to an SMSF asset which has been determined as an in-house asset....
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