Since the introduction of superannuation legislation that allows Trustees to invest in property within their Self Managed Super Funds, their popularity has grown dramatically.
However, a word of caution. Buying property in your SMSF needs careful planning, beginning with ensuring that the SMSF structure has been set up correctly so that that Limited Recourse Borrowing Arrangements (LRBAs) and investments in related unit trusts are compliant. If incorrectly structured, it could lead to significant penalties and costs for fund members and their advisers.
Therefore if you are planning to buy property in your Self Managed Super Fund, or are being strongly encouraged to set up a SMSF to invest in property, then you would do well to seek professional advice from a licensed Financial Advisor or Financial Planner.
The following article well articulates some of the more important issues to be aware of and that you need to fully understand.
February 2, 2017
January 30, 2017
January 27, 2017
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