Self-managed superannuation funds (SMSFs) can borrow to purchase property. However, there are strict requirements on the trust structure that must be used, as well as the property being acquired and use of the property after settlement. SMSFs are audited each year to ensure these requirements are met, and there are severe penalties in the event of breach.
We will ensure that you are provided with a compliant structure, and are aware of the requirements for it to remain compliant both before and after settlement of your purchase.
Banks also have strict requirements when lending to SMSFs, and we have experience in dealing with all major lenders for SMSF transactions.
Contact our team to discuss your SMSF / Limited Recourse matters.