SMSFs considering property development should map out the transactions required to avoid being accused of conducting a business within the fund.

Property developments operating within an SMSF will be in breach of the sole purpose test if they ultimately deprive members of any potential retirement savings benefits.

SMSF trustees looking to move property into their fund should be questioned as to what their plans and motives are to avoid breaches of the sole purpose test.

Fractional property investment manager DomaCom has stated it can play a dual role in improving the retirement incomes of average Australians.