smsf

I had some feedback in another thread about the use of offsets in SMSFs but I really need something specific before I go to a private ruling. Here are two scenarios; SCENARIO 1 SMSF IP1 on bare trust - settled at $550k SMSF limited recourse loan 1 on IP1, $440k SMSF offset against loan...

ATO Page On the face of it this appears to be welcome news for those that have properties on bare trust. I must admit I was surprised to see this as if limited recourse borrowing is going to be banned why even bother going to the effort of releasing new rules - unless the intent is to just...

St George was a lender that did not require personal guarantees from members for the SMSF loans if the SMSF could service on its own. This has now changed with personal guarantees required from all members starting from today - no exceptions. Does anyone else know of a SMSF lender who does...

Hi, I have around $125k in a 'normal' super account and am perhaps looking at buying a 1x1 apartment in Perth approx 1km from the CBD via a potential SMSF with a loan of ~$380k (all inclusive of stamp duty etc). After reading through a number of other threads here, i know there are a lot of...

Granted no one knows what the future will hold.....But does that mean you should leave it to chance! Often people leave planning until it is too late when it comes to ensuring they will have a comfortable future. I know as property investors that we are looking at improving our financial success...

I am sure I have read about this thing being pulled off (for different reasons). Situation: - Have found a place for someone to acquire through their SMSF - SMSF is in the process of setup and may not be complete prior to auction Idea: - Request longer settlement - Have clause...

Has anyone recently taken out a loan via their SMSF to borrow and buy property? Which bank/ lender did you choose & why? Which loan product/ features? Any experience to share of their process (how smooth it went, how long it took, pitfalls to watch out for, etc) (we have a SMSF with...

Hello all, Recently Redwood Advisory purchased an office minus the fit out. The staff will be glad to be able to work from the 'burbs'. So - I would like a recommendation in the Eastern Suburbs of Melbourne for the complete office fit out and design. i.e carpet/tiles etc and desks and...

I would like to purchase an inexpensive home unit in my SMSF. I have found an older 2 bedroom unit in an established Perth suburb that has shown good capital growth over the past 10 years. I expect the suburb's growth over the next 10 years should remain solid. The unit is currently...

Looks like there are several 3-4 year old apartments on sale in Rhodes. I suspect the prices are a bit depressed because of the number of new apartments coming up in Rhodes. Does this make it a good investment buy opportunity from an SMSF point of view i.e. long term growth with positive...

Hi, Has anyone completed/completing any investment related courses that they could recommend? I am considering whether one of the financial planner on-line courses would be useful to increase my understanding of investing generally but also looking at learning more about SMSF's. Ideally...

SS is my first point of call, but not my only. The below scenarios are a fusion of reality, supposition, fiction and assumption. I'm just after some food for thought. - Ann may need to retire from full time work (health reasons) as early as 2022. At latest, 2024. - Ann has passive income...

Hi all My dad who does't have the best English gave me an assignment to read up and report back on self managed super funds (SMSF). Especially when it comes to buying property. He told me he has about 200k in his and about 100k in my mums. I did some quick searching and found that...

Hi Forumites, the Title says it all. Is there any reason why an SMSF cannot sell a resi property via an installment contract? Thanks for any opinions, pointers and links, EV

One of my friends offered me an option to buy a share of a property investment in QLD. Total investment would cost around 3.5 to 4 million. It?s a development site comprising of 24 town houses. The owner is keen to sell the property to us. The owner offered 3 options to buy 1) We (six...

Hi All I am considering setting up a SMSF to invest in property. However, before doing so, I would like to get your opinion about a few points. First my situation: Wife and I have around 115,000 in super (combined) and are both 41 years old, which means an investment horizon of over 20...

The ATO today released a new draft SMSF ruling (SMSFR 2011/D1) which seeks to clarify a number of contentious issues involving SMSF limited recourse borrowing arrangements including; The ruling if and when passed, will allow money borrowed under the borrowing arrangement to not only acquire...

The ATO has announced it will treat a SMSF trustee who enters into a limited recourse borrowing arrangement for the purpose of purchasing an asset as the owner of the asset for income tax purposes. The proposed measure effectively ignores the instalment warrant trust for income tax purposes...

Hi all - I've just set up an SMSF, and am interested in purchasing an IP in Karratha, WA. My mortgage broker has said that the banks he deals with won't go above 70%LVR for new SMSF purchasing in resource-dependent towns like Karratha. Does anyone know of any lending institutions or...

Hi all - This is my first post, but probably my 31st visit here, and I'd like to say how much I have enjoyed reading and learning from this forum. I'm a US citizen, but have been living in Oz for about 15 years now, and am employed by an Australian company. There are a lot of...