Changes to APRA standards have moved the goal posts for SMSFs borrowing to buy real estate. The problem is we’re late in the second half.
SMSF borrowing
Time to get your SMSF finance in place
The next federal election is due to be held in late 2018 or early 2019 and if Labor wins this election it has plans to introduce legislation to stop SMSF lending.
SMSFs are not fuelling the bull property market
SYDNEY: November 2013 The suggestion that limited recourse borrowing by SMSFs is overheating the property market cannot be taken seriously, a leading lawyer says. ‘The suggestion that limited recourse borrowing by SMSFs can overheat the market cannot be taken seriously,’ says Michael Hallinan special counsel superannuation Townsends Business & Corporate Lawyers. ‘It’s been suggested by […]
Related Party Loans to SMSFs: ‘Show me the money’
Townsends Lawyers are finding that some trustees are ignoring the rules on SMSF borrowing from related parties and treating it as a paper transaction rather than a real loan.
The 16 Steps In a Typical SMSF Borrowing
The 16 steps in a typical SMSF borrowing: Townsends Business & Corporate Lawyers A typical borrowing by an SMSF has the following steps and the order of these steps is important to minimise any difficulties in completing the transaction: Getting the loan settled correctly and on time Transferring the property to the SMSF tax free […]