Common mistakes when buying an investment property in an SMSF–Tip 4

More and more investors are using their Self-Managed Super Fund (SMSF) to buy an investment property. Some of the most common mistakes people are making and how you can avoid them.

Life insurance premiums are tax-deductible in super.

A common mistake is to assume this is still valid if the SMSF fund takes out a policy to repay debt on the death of a member.

It is not.

For the premiums to remain tax-deductible they must not relate to the specific use to pay down the debt.

Insurance to effectively achieve the same outcome and be tax deductible is possible with the correctly worded SMSF and policy identification.

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#property #landlord #propertymanagement #rent #realestate #tenants
Jason Gwerder
Friday, 30 April 2021

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