Are there any specific rules or restrictions when setting up a Bare Trust for SMSF property investment?
Yes, there are rules and restrictions to be aware of:
• The property held in the Bare Trust must meet the sole purpose test of providing retirement benefits to SMSF members.
• The Bare Trust cannot hold more than one property
• The Bare Trust must not be used for any purpose other than holding the property for the SMSF.
• The SMSF is the only entity that can benefit from the property held in the Bare Trust.
