Acquiring Assets from Related Parties in an SMSF

Explore what you need to know when an SMSF acquires assets from related parties, including key rules and considerations.

In this session, we cover:

• The Sole Purpose Test

• Prohibition on related party acquisitions

• Who is Related Party

• Interpreting the acquisition rules

• SMSFR 2010/1 

• Arm’s length considerations 

• Related party case law

  • Merchant and Commissioner of Taxation [2024] AATA 1102

  • Coronica and Commissioner of Taxation [2021] AATA 745