All Topics / The Treasure Chest / super fund purchase

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  • Profile photo of LittleMermaidLittleMermaid
    Member
    @littlemermaid
    Join Date: 2003
    Post Count: 9
    July 11, 2003 - 7:31 am

    I would like to purchase a property with our SMSF and understand that there are to be no borrowings which is fine but I have conflicting advice re whether we can purchase the property with our business partners using 50%-50% their funds and ours from our respective funds. SMSF book says no, our accountant says yes?????
    Thanks for any advice
    Little Mermaid[;)]

    Profile photo of Stuart WemyssStuart Wemyss
    Member
    @stuart-wemyss
    Join Date: 2003
    Post Count: 598
    July 11, 2003 - 7:41 am

    I can’t see any issues with it so long as the property will be used purely for investment.

    Cheers

    Stu

    Property & Finance News
    at http://www.prosolution.com.au

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