Archive for the Property Category

It is possible that the SMSF members can be the lender or entities they control can be the lender, provided essentially the same documentation expected with a bank (non related party lender) is implemented with the related party lender. You (a related party) may need to lend to the SMSF for a deposit to

With borrowed money, you can purchase a property off the plan but there may be situations where this is not possible as outlined in SMSFR 2-012/1. You can purchase off the plan in the following situations: Where the contract is to purchase the land with the house on

Repairing a property is allowed however you can only improve a property if certain conditions are met.   Repairing/Maintaining a Property S67A(1)9a)(i) prohibits borrowing money to improve an asset, SMSFR/2012/1 (“Ruling’) provides the guidelines which are based on ordinary meanings of distinguishing between a improvement and a repair. The Ruling, provides

Generally No, but in some situations it can be a yes, you need to look at the facts of the case. Single Acquirable Asset rule Can multiple assets be purchased using SMSF Loan monies Can multiple property titles be purchased using SMSF Loan monies When can multiple titles be

Introduction. Since 24 September 2007, and the significant changes on 7 July 2010, SMSF’s have been allowed to borrow provided certain conditions are met. The SMSF can borrow from a bank, or any other lending institution, in fact can even borrow from your self, S67 of the SIS

Introduction Investing as tenants in common with a related party Investing in a related non geared unit trust from non-borrowed and borrowed funds Investing in a pre-11 August 1999 unit trust Investing in a geared unit trust ATO Alerts Introduction Your SMSF may not have sufficient funds