Business in SMSF - purchase of assets but have decided not to proceed ??

Business in SMSF - purchase of assets but have decided not to proceed ???

Good afternoon. Looking for some input. I purchased some assets in order to commence trading a (retail) business in my SMSF. I then ended up in personal circumstances which mean I am not presently in a position to commence trading, but I am having difficulties selling many of the assets and am not sure what to do. Several items I am selling are selling at a loss.

Does anyone have any internet information / ATO information they can direct me to? (or any personal experience to provide comment(s)).

I am not sure what to do....

 

"You" purchased or the SMSF did?

Sounds messy and possible issues.