Show download pdf controls
  • 15e In-house assets



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Did the SMSF hold any in-house assets on 30 June 2021?


    Print X in the No box at A. Go to 15f Limited recourse borrowing arrangements


    Read on.

    • Print X in the Yes box at A.
    • Write at A the total value of the in-house assets on 30 June 2021.
    • Do not include at A any related party investments that are not in-house assets.
    • Make sure that any amount you include at A are also included at A to T in 15a, 15b, 15c and 15d.

    Identifying in-house assets

    Generally, an in-house asset of an SMSF is an asset that is:

    • a loan to a related party of the SMSF
    • an investment in a related party of the SMSF
    • an investment in a related trust of the SMSF, or
    • subject to a lease or lease arrangement between the trustee of the SMSF and a related party of the SMSF.

    Some in-house asset exceptions do exist, such as a lease or lease agreement, between the SMSF and a related party of the SMSF involving business real property. There is also a limited exception for certain investments in related non-geared unit trusts and companies.

    For more information on what is an in-house asset see:

    • Part 8 of the Superannuation Industry (Supervision) Act 1993
    • Self-Managed Superannuation Funds Ruling SMSFR 2009/4 Self Managed Superannuation Funds: the meaning of ‘asset’, ‘loan’, ‘investment in’, ‘lease’ and ‘lease arrangement’ in the definition of an ‘in-house asset’ in the Superannuation Industry (Supervision) Act 1993.
    Last modified: 27 May 2021QC 64911