Yes it is possible to this.  However, it is considered to be non arms length income in the hands of the SMSF and therefore taxed at top marginal rates.

Therefore the distribution that is received by the SMSF will be taxed at 47% instead of the concessional rate of 15%.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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