Investment Property In Super
Tuesday 31 January 2012
Did you know that so long as you have member choice with regards to your superannuation contributions you may be eligible to establish a Self Managed Superannuation Fund (SMSF) for the receipt of your superannuation contributions.
Residential investment property is an allowed asset in a SMSF and so long as the correctstructure is established, a SMSF can now borrow to purchase residential investment property.
Banks will lend up to 80% of the valuation for the purchase of the property.
A SMSF can have 4 members and by pooling you total superannuation balances together a strategy involving the purchase of a residential investment property via gearing in a SMSF may be right for you.
Remember, the rules are tricky and professional advice to correctly structure the transaction is a must.
For more information contact Tim Blakeley at Horizon WealthInvest on 46594688.