Harvesting opportunities: The ins and outs of farming assets in SMSFs

  • Presentations, Technical Resource

National Conference 2024

This session delves into the intricacies of incorporating farming assets into an SMSF’s investment strategy. Katie kicks off the discussion by exploring the unique opportunities and risks associated with owning primary production in an SMSF – from the everyday impacts of running a primary production business on the property, to intergenerational wealth transfer and estate planning issues. The session will look at the issues associated with housing members and employees on farming properties, the risks of non-arm’s length transactions as well as outline the possibility of leveraging stamp duty family farm exemptions. Even for the most seasoned SMSF specialist, this session promises to equip you with the tools to navigate the labyrinth of issues surrounding owning farming assets in an SMSF.
 

Following this session you will be able to:

  • Gain an in-depth understanding of the unique opportunities and risks associated with SMSFs owning primary production land.
  • Learn strategies for effective intergenerational wealth transfer and estate planning for SMSFs that own farming assets.
  • Navigate the intricate super and tax laws to ensure SMSFs owning farming assets avoid compliance and legal ramifications.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association