Search results

  1. P

    D.I.Y. Superannuation and purchasing property using warrants

    Will do Non-Recourse this SMSF M.assoc could be a big help as a voice for the SMSFs so they can at least compete a bit with the big master and industry fund lobbyists.
  2. P

    D.I.Y. Superannuation and purchasing property using warrants

    Another Lobbyist puts pen to paper Non-Recourse, this is just the start. I'm sure we will see the rollout forms being lost in the mail and sent back to the Super members to re fill the form because the full stop was missed at the end of the last sentence. Anything to keep their Master Super Fund...
  3. P

    D.I.Y. Superannuation and purchasing property using warrants

    Sorry James a SMSF cannot purchase property off a related party and that includes Unit Trusts
  4. P

    D.I.Y. Superannuation and purchasing property using warrants

    James, If the land was transferred to a Unit Trust the SMSF could potentially hold units in that unit trust, however, the land could not be used for security for any loan and the SMSF could not loan monies via a warrant to tip in. The only loan monies that could potentially be used for any...
  5. P

    D.I.Y. Superannuation and purchasing property using warrants

    ; Hi asdf, I am quoting this straight off a Federal Government Website for Tax Legislation update 25 September 2007. " Tax Laws Amendment Act No.143 of 2007 - this Act will allow investment by superannuation funds in instalment warrants that are of a limited recourse nature, over any...
  6. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi James, A SMSF cannot purchase residential property off a related party ( your HDT ). Only business real property can be purchased by a SMSF off a related party. This is spelt out in the SIS ( Super Industry Supervision ) Act rules.
  7. P

    D.I.Y. Superannuation and purchasing property using warrants

    Cheers Xenia, looking forward to presenting the material which can now allow those who qualify, to gear into direct property in Self Managed Super
  8. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi Too Fly, Firstly if you want to build on this land within your Super Fund the Land would need to be transferred or bought by your Super Fund. Then a Construction loan would need to be applied for and a number of other issues would need to be addressed.
  9. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi Greg, 1. The Property Instalment Warrants we will be offering our clients over the coming weeks will not be linked to any developer. The properties will have to be sourced by our clients because we do not offer financial advice. So if you want to buy a house in residential Melbourne or a...
  10. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi Greg, The big four banks are preferring to lend through innovative suppliers who have done all the legal work regarding the warrants. The stamp duty issues, capital gains tax issues, establishment requirements and the accompanying documentation are not easy. Your Blank Bank is not...
  11. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi Jit, The Interest Rate will be 1-1.5% above the normal home loan interest rate so about 9.2-9.7%. A premium is paid for the fact that the lender is limited to sell your property to recover his money and cannot touch any of your other SMSF assets. In other words ironclad asset protection...
  12. P

    D.I.Y. Superannuation and purchasing property using warrants

    Yes Mike the advantages are numerous and your explanation of Principal repayments just shows what the power of the salary sacrificing can do with the Property Warrants. As you've mentioned the banks are now ready to lend at reasonable rates and you can choose your own property.
  13. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi Mr/Ms Dare, The Banks are now out there with their finance but it is the tax advantages that make this type of investing so attractive, especially now that you can choose the property that best suits your long term retirement needs.
  14. P

    D.I.Y. Superannuation and purchasing property using warrants

    Hi I'm following this with a number of parties so that we can advise our clients who love direct property and it is my understanding that you will be able to choose your own property and will be required to have a 20% deposit plus 1.5 years of interest in your SMSF thus requiring at least...
Back
Top