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Client wants to purchase a removable dwelling to rent out in his SMSF. If the dwelling is on his property would he be providing a benefit? Could this result in NALI?
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Hi Alec
If the SMSF used an asset such as land to be able to rent out a removable dwelling them this would be a non arm's length transaction if rent was not paid (re the land) for its usage. As a result this could lead to NALI / NALE.
If this was to be considered further legal advice should be obtained.
Thanks
SMSF AAA