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I have never used a trust deed for a SMSF that doesn't permit it. Its the same view the ATO have. However just cause the deed OK's it doesn't make it an approved deal. Sole purpose, special income etc.... This business rule issue is more a concern where third parties are involved ie a disc...

SMSFs are all about three things : 1. Strategy 2. Strategy and 3. Strategy Buying and selling property isn't necessarily a development. Not all developments are a business either. SMSF rules are really only concerned where a business is conducted by a SMSF. There are many instances of...