Joint tenancy forbidden in BRP acquisition

by

Ed.

From www.smsfadviser.com: An SMSF cannot participate in joint tenancy when owning real property with other entities, as this arrangement can blur ownership lines.

Tenants in common provide distinct ownership shares, allowing individual control over property stakes.

Compliance with market valuation requirements is crucial to avoid tax penalties and breaches of superannuation regulations.

Filed under: Superannuation

Leave a Comment