For many business owners the ability to acquire direct business real property is an attraction of an SMSF. Generally, an SMSF is unable to acquire an asset from a member or related party of the fund, but one of the main exceptions is for business real property.
Business real property is land or buildings used wholly and exclusively in one of more businesses (whether carried on by a member of the SMSF or not).
Transferring business real property into an SMSF may be attractive for the following purposes: