SMSFs can borrow money to purchase a property. When borrowing money it is very important that you do not breach your obligations under the appropriate superannuation legislation and that your transaction runs smoothly.
Our team has extensive experience acting on behalf of clients to set up the appropriate structures to purchase and borrow through your SMSF and also to act on behalf of your SMSF when purchasing property.
When setting up a structure it is important to ensure that the appropriate trust deeds (including your SMSF trust deed and a bare trust deed) are established to comply not only with the requirements of the superannuation legislation, but also the requirements of your bank. We are experienced dealing with all of the major lenders and we guarantee that our documentation will be compliant for all major lenders.
It is very important that specific legal advice is obtained before setting up the appropriate structure and entering into a contract to purchase property through your self-managed superannuation fund.
Our team always recommends that clients obtain independent advice from their financial adviser before entering into any such transaction. There are a number of very complex obligations that buyers need to be aware of.
Our expert team has the capability to provide up to the minute advice on this complex area of law. Our team will also provide fixed fee quote for the legal work involved in buying property through a Self-Managed Superannuation Fund.
Contact our team today to discuss purchasing or buying property through a Self-Managed Superannuation Fund (SMSF).
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