Dual Income - Maybe even for a SMSF

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Paul@PAS, 8th Mar, 2018.

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  1. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
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    Just came across a possible opportunity. SMSF could buy a cheapy rental producing property like these.

    Australia’s cheapest spots to buy a home - realestate.com.au

    And I reckon the related parties could then use the property (provided its rented out) to dig for opals and not likely result in breach of sole purpose test. Two things allow opal mining under that same rental property:

    1. Business Real Property perhaps
    2. Mineral Rights arent available with the title. SMSF isnt in breach ??

    Dont let the rustic (rusty ?) look detract. Adamooka, Lightning ridge etc.
     

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