Letters of the Week

Property investment through SMSFs, clarifying dividend payments, and the May budget and superannuation.

Our SMSF is in pension mode, and the fund has purchased a block of land that has recently been subdivided into two torrens title allotments. The council has approved our development plans, and we intend to build on both properties, and then immediately put them on the market to sell.

Can you advise if this is allowed under the Australian Taxation Office (ATO) rules?

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