Hi SMSFAAA Team,
Could you please give me your opinion?
The SMSF has 2 members. They are 71 & 68.
The fund has approx. $1M in it.
90% of the fund is in pension phase as they are both still working and making contributions each year
Can the fund purchase a residential property and the member’s daughter live in it based on the fact that she is not a member and all members are over pension age and therefore have no restrictions to accessing their funds.
Thank you in advance.