Aligning your strategy and goals
Getting the right advice helps you get it right
With the right strategy in place. Investing in property through an SMSF can be quite tax effective for the individual or family. Given the significant tax concessions available when investing through superannuation, it is an attractive option through which to invest. Superannuation is however governed by its own set of rules. It is important that you seek advice before making any significant decisions.
- A good way to diversify your superannuation portfolio
- Provides options for property investing not available through retail funds
- Attractive tax concessions
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Meeting the sole purpose test
SMSF finance specialists
The objective of the sole purpose test is to ensure that the SMSF is used for the sole purpose of providing benefits to members upon their retirement or their dependents in the case of the member’s death before retirement. It’s essentially the golden rule of SMSF property investment.
In addition, you can’t absorb an existing residential home that a trustee owns into the SMSF by purchasing it.
It’s also important to note that purchasing a property with funds from the SMSF is very different to purchasing one with an SMSF home loan. That’s an entirely different and more complex.