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Re: SMSF business property

Newbie

Views 387

Replies 1

Hi Community,

 

I am wanting to go into a SMSF and use the fund to buy into a gym franchise which would be a total of approx 200K which include franshise fees, fitouts etc.

I would be looking to lease a studio/warehouse styled property for the SMSF and operate the business as the manager of the gym.

Can I as the trustee of the fund also be hired/employed as the manager of the business?

Would this be possible?

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Megastar

Replies 0

No you cant work as Manager because you cant take salary and breach of super fund Rules .

1 REPLY 1

Most helpful response

Megastar

Replies 0

No you cant work as Manager because you cant take salary and breach of super fund Rules .