Q: Could our self-managed super fund purchase two steel sheds, to be erected on a block of land owned by us and from which several other businesses operate. The total cost of the 13 square metre sheds, including assembly, is expected to be about $4200, to be paid by the fund, while annual total rental receipts are likely to be about $2400 ($100 per month, per shed). This financial return to the fund would be much better than from shares.

In addition, while I understand auditors may require leases, could this possibly be achieved without them, as there may be frequent changes of tenants and it may be impractical to organise them for each one. Peter.