SMSF Property – Property and SMSF – How can you own or borrow to buy property in SMSF?

SMSF Property – Property and SMSF – How can you own or borrow to buy property in SMSF?

SMSF Property – Property and SMSF – How can you own or borrow to buy property in SMSF?

Many people ask us and our partner advisors – how can you own or borrow to buy Property in my SMSF – Self-Managed Super Fund? Here are the facts, and you can get all the details in our coming May seminar in KNOX, Melbourne (FREE) SMSF and Property Investment

SMSFs can buy a property – two ways

  1. Outright for the full value and purchase costs, legal etc, and/or –
  2. Borrow to purchase, section 67(4A) SIS (SMSF can’t directly borrow, only acquire by instalment)
  • Need about 30% deposit + costs approx 10%
  • Special loan (Limited or No-Recourse loan) where the lender has security over the property only, and have no security over other SMSF assets
  • Special Structure required – Custodian/Bare Trust that borrows and “holds” property, until the loan is paid out, and  avoids Stamp Duty and CGT and GST when transferred back to the SMSF (with the right clauses)
  • SMSF has a beneficial interest
  • Once loan repaid, legal ownership is transferred to the SMSF
  • Expenses – Set Up can be up to $3-10,000 (ask us about our competitive costs)

We’ll cover more details in the next seminar at Knox – SMSF and Property Investment

To learn more about this and the following topics –

  1. What’s involved in an SMSF and does it suit you?
  2. I want my business to be my super – can I do this and how?
  3. Should I borrow to buy property for my SMSF?
  4. Can stock market shares be included in the investment mix?

see Seminar page Property Boost to Super

Want to know the options and how property works in SMSF?

See our next Seminar with Property Friends.

Or call for free education, or to speak to an advisor about your specific situation. SuperBenefit works with SMSF trustees to CONNECT them with the advisors they need. A call is Free. If you have any questions, why not give us a call – it’s FREE!

No obligation. 0407 361 596, Paul


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in Masterclass Investment, Property Investing, SMSF Investing, SMSF Property and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s