A friend (Mr X) asked today for thoughts on the below as he's had conflicting advice from 2 different accountants (his and Mr A's)
Can Mr and Mrs X's SMSF purchase Commercial Property 1?
Can Mr and Mrs X's SMSF purchase Commercial Property 2?
My thought's were yes to both
Wife X owns Commercial Property 1 which is rented to company of which Mr A, Mr B and Mr X are directors of
Can Mr and Mrs X's SMSF purchase Commercial Property 1?
Wife X owns Commercial Property 2 which is rented to an unrelated company
Can Mr and Mrs X's SMSF purchase Commercial Property 2?
My thought's were yes to both