Qlds007 wrote:
Really 75% lvr on a Com security under $250K you learn something new every day of the week.CheersYours in Finance

I think Adelaide Bank & Bank of Melbourne have a product up to 75% lvr with a $200k (neg.) minimum.

ianjackyinvest wrote:
So in my case I would like to buy a 42sqm office for 190k and you are suggesting I may be able t secure 70% LVR and use the balance out of my SMSF, plus have my wife's company rent the office from the Trustee.

Hello. From the research I have done in the last few weeks, you can borrow 65-75% of the purchase price/value.…[Read more]

Qlds007 wrote:
TicIf you have put in an Offer i hope you have the SMSF Trust Deed all set up.The Bare Trust will need to be noted on the Purchase Contract and finding a Solicitor open this time of year to prpeare the Trust is not going be to be easy especially if they want to accept your offer fairly quickly.Lenders are still processing…[Read more]

Scott No Mates wrote:
I preferred your original explanation Terry. But getting back to business. 5% annual growth may be bullish but returns offset cg. generally you would factor in vacancy however being the tenant you're fine unless you outgrow/leave the property. Location: you'd need a crystal ball to pick the best locations but none of…[Read more]

Qlds007 wrote:
Terry has wrapped it up quite elonquantly.Remember an Asset sold in the SMSF whilst in Pension phase is actually Tax free so if you purchased the Commercial property kept until retirement, commenced an annuity and then decided to sell the asset all home and hosed.CheersYours in Finance

OK, this is where I was a little confused. I…[Read more]

Terryw wrote:
Income the SMSF makes is not tax free. The rate is 15% for most income. eg. rent received by the SMSF is taxed.The SMSF also pays CGT. if it sells a building it pays CGT at the rate of 15% or 10% if held more than 12 months.

OK, thanks Terry. I'm sitting down with someone early in the new year to work this out, just looking to go…[Read more]

Terryw wrote:
You have missed something. you the tenant would be able to claim a deduction for the rent of the premises from your SMSF. The income from the SMSF is taxable as is capital gains, but the tax rate is much lower than being held outside. CGT for eg is just 10% if the asset held more than 12 months. Income tax is generally 15%, but the…[Read more]