I am currently investigating establishing a smsf and am weighing up various options. I run a real estate business (registered business) that is owned by a company. That same company is the trustee for a discretionary trust that is used to develop property. The properties in the trust are treated as stock and not subject to cgt and as such I would consider them active assets, similar to a commercial property that I may run a business from. I understand that active assets can be transferred into a smsf and I am considering this for some 'keeper' properties. I would be interested in any thoughts/opinions that the board may have.