Video Length: 00:08:27
Can an SMSF extend a property held under an LRBA without breaching the single acquirable asset rules?
In this SMSF Video Vault episode, Peter Johnson breaks down when property improvements are allowed under an LRBA — and where accountants need to be careful. Using practical examples, he explains the difference between repairs vs improvements, what constitutes a material change to the asset, and why changing the nature or use of the property can trigger a breach.
If you’re advising SMSF clients on property extensions, developments, or post-acquisition changes to LRBA assets, this is one of those areas where getting it slightly wrong can have serious compliance consequences.
Let’s walk through it.