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.
Purchasing from a member
While the SMSF can purchase a residential property from a non-related
third party, it cannot purchase a residential property off a member or related
person of the member.
An SMSF can, however, purchase listed shares or business real
property (commercial and industrial)off a member.
There will be CGT and stamp duty consequences to the
sale, but in relation to stamp duty most states allow for a minimal stamp duty if the property is in the individual's name,
and they are also the SMSF member.
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Tuesday, 4 May 2021