Self Managed Super Fund Property
If your goal is to own property using money from your superannuation, a Self Managed Superannuation Fund (SMSF) is the only way you are going to make this happen.
Self Managed Super Fund Property
Whilst this strategy has become increasingly popular, especially in the last few years where your SMSF has been able to borrow, there are a number of complexities which you must be aware of. Failing to follow the rules around owning property in your SMSF can have disastrous consequences. At BIS Super, we will ensure that your SMSF property strategy is 100% compliant.
What are the benefits of buying property through your SMSF?
- Tax effective strategy, with the potential for capital gains tax savings;
- Great way to enter the property market when you may not be able to fund a property purchase in your own name;
- A great wealth creation tool for business owners, offering you the potential to purchase your business premises, with your SMSF becoming your landlord;
- Diversification of your superannuation investment portfolio, outside of the share and fixed interest based investments.
Is my SMSF able to borrow to buy property?
Not quite enough cash to fund your SMSF property purchase?
Your Fund may be able to borrow the money (via an investment loan) from the bank, or in some cases, from yourself or a related party. Borrowing using your SMSF is a complex strategy so you need to make sure you get specialist advice. With a wealth of experience, you can be confident that you will be getting the right advice from the expert advisers at BIS Super.
Note: to ensure our advice is 100% independent – we will never promote specific properties, or recommend area/suburbs to purchase in. That’s a real estate agents job! Our role is to work with you to implement that strategy correctly, ensuring your SMSF remains compliant.