Purchasing and operating an aircraft under a company

[Anthill]

PS

I just had a closer read of Frank Arouet's post re use of aeroplane owned by SMSF and then used for business purposes: this could be allowable. The use of a business premises owned by a SMSF can be used to conduct another business where the owner of the business is the beneficiary of the SMSF. This being the case the use of an aeroplane in a similar fashion might be ok..I'd get a ruling from the ATO first, if that were contemplated.