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:

Embargo

A government order that restricts trade or exchange with a particular country or the exchange of specific goods.

Sophisticated Computer

A highly advanced and complex computer system capable of performing intricate tasks or simulations, often used in professional or research contexts.

Browsewrap Agreement

A type of online contract that is assumed to be accepted by a user through the use of the website, without requiring explicit consent.

Arbitration Clause

A provision in a contract that requires the parties to resolve disputes through arbitration rather than through the court system.