All Topics / Legal & Accounting / seeking clarity – buying residential property in smsf for business purpose

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of BruceTBruceT
    Participant
    @brucet
    Join Date: 2012
    Post Count: 4
    September 18, 2014 - 9:57 pm

    I’ve just been reading the ATO’s advice on what constitutes ‘business real property’ and am seeking some clarification.

    My wife & I have an SMSF (company structure) with one investment property in a separate holding company, and are thinking about how we might get into our 2nd IP.

    Is there any value in creating a business/company to act as a “property investment business” for our next property(ies)???

    As always, I appreciate any advice.

    Cheers,

    Bruce

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 19, 2014 - 12:35 am

    Not sure what you mean, but a SMSF can only borrow to invest if the asset is held on trust.

    Can you elaborate?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.