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Excellent Thanks Boomtown, Well worth the effort. I liked the comment about selling Condos at baseball parks. JTW

SMSF planning Thanks Nonrecourse, I appreciate that you are being helpful and I am not expecting you to provide professional advicevia an open forum. The information you have provided is like gold. thanks. I need to get my head around the possibilities and the implications so that I am...

Rolling into Super SMSF NON RECOURSE stated : no you cannot loan your smsf any money unless you have a business you want to sell and roll it into super and you have less than 6 million is assets:o Question: Can you explain this a little further please. I currently have a business. Could I...

SMSF plan starting to come together Non recourse, Thank you so much you have cut through the fog for me. I am starting to see a possible course of action. I assume the 'gift' is the value of the property over and above value paid. (eg value $4.8 mil sell $2.4 mil = $2.4 mil gift) How...

SMSF acquiring asset Once again thanks for the prompt and helpful replies. This area is a potential minefield if I get it wrong. I am throwing around some ideas that clear the hurdles of the SMSF rules, borrowing criteria and the correct ownership structure to be able to use the asset as...

SMSF set up costs Thanks for the quick reply. The financial planner I contacted told me the finance would be via BankWest, so that is why I asked. I will be checking around alot more before I commit. $20K seemed high to me, I will also look into how the cost is incurred, what included and...

SMSF set up costs Hi all, has anyone got a breakdown on all the fees payable/total cost of a SMSF including advice, loan set up, warrants etc. I have been quoted $20K by a financial planner. This seems a little on the high side. (however the right advice is usually the real bargain). Has...