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,
Thanks Terry. This raises a follow-on query, if I may?
Is there a compliant strategy whereby my SMSF and I (as an individual) can purchase a resi property using borrowed funds? ( and sell later, perhaps via installment contract)
From my reading, I understand there may be compliant methods via private company shares and/or unit trusts under specific ownership limits that prevent it from being an LRBA arrangement.
Whats wrong with an SMSF selling a property to a member?
provided the smsf trustee has obtained an independent valuation and the property is sold at commercial market rates then an smsf can sell reesidential property to a member. An smsf cant purchase residential property from a member.
Ok, this is more intriguing than I expected. Thanks for the brainpower on this guys.
Let me ask the question a different way;
Can any asset owned by an SMSF be sold to an unrelated party via any type of vendor finance arrangement?
Can someone help me understand the term "charge" as mentioned by coastymike?