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 provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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