Using Superannuation to purchase property & other investments
Many clients are interested in the concept of using their Superannuation to purchase property. It is imperative that you get advice on these transactions before signing any contracts for sale. Failure to get correct advice could see you with a non-complying Superannuation fund and large penalties.
Whilst there are a lot of taxation and asset-protection benefits to holding property through a SMSF, there are also a lot of regulatory requirements that need to be met and limitations on the use of the property. Please be careful of cold-calls or marketing offers for SMSF Setups and property purchase. We have had a number of people come to us after taking up these offers only to find out they are non-compliant, having spent thousands of dollars and not understanding what they have got themselves into.
Rather than you having to see a number of professionals to complete this transaction we have developed a team who specialise in this area. We can setup the structure required for your SMSF to borrow and also find the best SMSF Loan to suit your needs.
We cater for both Commercial and Residential Property purchases and we will be with you the whole way from the setup of the fund through to the settlement of the property. Alternatively, we also offer advice of a number of other investments for your SMSF including term deposits, fixed interest, shares, and managed funds.