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Self Managed Super Funds

Traps of buying property in a SMSF

 

When the legislation allowing a SMSF to purchase property was introduced in 2007, it did not just create opportunities for SMSF Trustees, but it also created a minefield of potential problems.

 

All SMSF Trustees looking to invest in property through their fund should seek professional advice before looking at properties to purchase.

 

Due to strict requirements in relation to the rules surrounding renovations and what constitutes a ‘new asset’ will determine whether what makes a good property to purchase inside a SMSF or not.

 

Read this interested article which will give you some clear insights into some of the issues you need to be thinking about.

 

http://www.smh.com.au/money/investing-in-bricks-and-mortar-20121016-27o73.html

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