Archive for the 'Property Ownership SMSF & Funding' Category

6 April 2018

Can minors buy property?

Before you are 18 years old, you cannot drink alcohol or vote in public elections. But does the law allow you to buy residential or commercial real estate? Signing a Contract under-aged In Queensland, the Property Law Act 1974 (Qld) provides that a buyer of property in Queensland is presumed to be – At least […]

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11 May 2016

Buying property with a Self-managed superannuation fund (SMSF) – what is a limited recourse borrowing arrangement?

Borrowing money to buy property through an SMSF is not new, but is often not well understood. Where an SMSF borrows to buy property, it must be done through what is known as a ‘limited recourse borrowing arrangement’. What is a Limited Recourse Borrowing Arrangement? A SMSF is prohibited from borrowing money and granting security […]

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20 August 2015

Lending to family or friends – Protect yourself!

Recently on my regular volunteer duty night at Suncoast Community Legal Service, I heard a very sad story involving a client’s family and money. What are the problems with lending money to family and friends? With the best intentions, Dad had lent his son several hundred thousand dollars to buy a house. The son had […]

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