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How business owners can BUY their premises using their super – Part 2

In business one of the highest overheads you have is rent. Would you rather all that rent money going into your landlord’s pockets or funding your retirement nest egg?

Due to recent changes to the superannuation laws, you are now able to combine your existing superannuation savings with a special type of loan making it possible to own your business premises without the previously required large amount of capital.

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Portrait of Smiling Steel Worker in Factory

How business owners can BUY their premises using their super – Part 1

In business one of the highest overheads you have is rent. Would you rather all that rent money going into your landlord’s pockets or funding your retirement nest egg?

Due to recent changes to the superannuation laws, you are now able to combine your existing superannuation savings with a special type of loan making it possible to own your business premises without the previously required large amount of capital.

Read more
buy property with super FAQs

5 common questions about buying property with super

Over the last month I have received numerous emails from people asking questions relating to buying property with a SMSF utilising the super borrowing opportunity.

This article reviews the five most common questions I am asked.

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Can you renovate a property purchased under a SMSF limited recourse loan?

Can a SMSF renovate a property that has been purchased under a limited recourse loan arrangement?
Following the changes made to the super borrowing laws that came into effect on the 7th of July 2010, one of the major items which both investors and advisers have been chasing clarification on is whether a property can be renovated when purchased under such an arrangement.

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Example 2

SMSF limited recourse borrowings from related parties

Utilising a loan from a related party of the SMSF instead of, or in addition to, can provide the following advantages when compared to obtaining a limited recourse loan from a bank:

Reduced upfront costs, reduced ongoing costs, flexible repayment terms, interest is paid to a related party rather than banks with multi-billion dollar profits, younger SMSF members can inject capital to purchase property without it being trapped until they retire, high value assets can be transferred to a SMSF without exceeding the contribution caps and tax deductible contributions can be spread over a number of years and the ability to correctly and legally develop property within a SMSF using borrowings.

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