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Hi If the salary sacrifice portion is purely discretional (and is likely to be ongoing into the foreseeable future) and not required to support a particular super fund commitment then the answer is yes....most lenders will add this back as income if it can be stopped at anytime in the future...

SMSF Electronic Message Service Hi If you have a Macquarie SMSF Cash Management Account you get access to their Electronic Service Address for FREE.

Hi Only when the rent covers repayment capacity by a country mile and member contributions are not required.

Bare Trusts Paul is spot as the legislation only states that the asset is “held on trust so that the Fund trustee acquires a beneficial interest in the original asset or the replacement”. My understanding of the "on trust" thing is that the person/entity (custodian) that holds an asset...

The super fund has not contracted to do anything. The only thing it is risking is the amount of deposit paid. Remember the holding/bare trust entity is the entity signing the agreement and its just a $2 coy with no assets.

My understanding is (I'm no lawyer)......So long as the SMSF used its own funds as the deposit (not borrowed) and the agreement/contract to purchase was in the name of the trustee of the holding/bare trust (this needs to be set up prior to entering into the agreement) all should be OK. When...

Hi If its a strata title property your solicitor/conveyancer should be able to provide evidence of the body corporate policy covering the building.

If you don't mind going fixed Citibank yesterday came out with a 5.89% two year fixed rate.

Hi A simple spreadsheet input from the loan statement should do the trick.

Hi Not sure about the instant equity bit as lenders will usually value at the lower of the actual purchase price or the valuation.

Hi mg If there is going to be a Limited Recourse Borrowing Arrangement the name on the contract & transfer needs to be the security custodian entity's name not the SMSF.

Hi Terry Sounds like a fixed rate at low 7.04%. I saw a mortgage manager lender new to the SMSF borrowing space one a month ago offering SMSF 3 yr fixed at 6.39% but guessing that this may have since changed. The dragon still has 1, 2 & 3 yr fixed rates for SMSF under 7% though.

Another reason NOT to do anything until you get all your structure in place is that the ATO may possibly see the deposit that you have paid (I'm assumming you will pay from own funds and then get back from the SMSF later) as a super contribution and therefore may take you over the annual super...

The difference is #2 can not be legally done as a SMSF can not leverage an existing asset it already owns because under the LRBA the loan purpose must be soley for the acquisition of an asset.

Hi I've had my understanding confirmed by a tax partner of a Sydney CBD based second tier chartered accounting firm. On the transfer of the property from the bare trust when the debt is repaid there is no stamp duty payable so long as the bare trust has been correctly prepared and stamped...

Hi The relevent change to the NSW Stamp Duties Act is covered at section 62A http://http://www.austlii.edu.au/au/legis/nsw/consol_act/da199793/s62a.html The Act states that the duty of $50 is payable on transfer of real property from a person to the trustee of a SMSF and is only applicable...

Simple answer is yep but as others have said get it wrong and your in trouble.

Showing my age here...........Actually some lenders started offering offset accounts over 20 years ago (about 1990) but they generally weren't 100%, just partial offset. Might be wrong but the first interest offset account was introduced by National Mutual Rank Bank in about 1989 with this...

Hi I think Peter is correct in saying that “you can buy the 2 units in the one custodian vehicle” (same security custodian) however If there is no physical or legal impediments to the two strata units being sold separately then each unit would need to be acquired under a separate LRBA/bare...

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