Looking to purchase an off the plan commercial property in a SMSF. SMSF already has enough for the deposit. When the building is finished, it is likely the fund will need to borrow. Currently the SMSF is setup as a corporate trustee so
"ABC Pty Ltd in trustee of ABC". ABC is name of the SMSF
Just had some question.
When I sign the contract, do I list the purchaser as "ABC Pty Ltd in trustee of ABC" or "ABC Pty Ltd" or "ABC".
Given the fund will need to borrow money and a bare trust set up to temporarly hold the property, does this bare trust need to be established now and included as the purchaser.
Many thanks
"ABC Pty Ltd in trustee of ABC". ABC is name of the SMSF
Just had some question.
When I sign the contract, do I list the purchaser as "ABC Pty Ltd in trustee of ABC" or "ABC Pty Ltd" or "ABC".
Given the fund will need to borrow money and a bare trust set up to temporarly hold the property, does this bare trust need to be established now and included as the purchaser.
Many thanks