Business Real Property for a SMSF

question 16

Multiple Choice

Business real property for a SMSF:

• A) can be acquired from a related party on commercial terms without being subject to the 'in-house asset' test.
• B) includes property used for primary production.
• C) can comprise 100% of the total SMSF assets.
• D) all of the above.

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Definitions:

Longevity

The duration of an individual's life, often used in the context of life extension and quality of life improvements.

Anger And Hostility

Emotional states characterized by strong feelings of displeasure, aggression, and potential antagonism towards others.

Coronary Heart Disease

A condition characterized by reduced blood flow to the heart muscle due to the buildup of plaque in the arteries of the heart, leading to angina and heart attacks.

Type A Personality

A temperament characterized by high levels of competitiveness, impatience, and a sense of urgency.