John is the sole member of his SMSF and is the sole director of the fund’s corporate trustee. After seeking financial and tax advice on the benefits of owning a property in his SMSF, John decides to sell his investment property valued at $1m to his SMSF.
investment property
When to sell an investment property? 1 – pay down home debt
Omniwealth’s Property Sale Series starts with the question: When to sell an investment property? The first study looks at paying down home debt.
Why claims SMSFs a danger to financial system are misleading
Once again, I have read claims that the ability of SMSFs to borrow money to buy property are a danger to the financial system and investors with SMSF are at risk of losing a large part of their retirement savings.
Thinking of upsizing? Don’t be attached to your old home
Many clients say to me that they want to keep their unit that was previously their home as an investment property. I’m going to share with you why this is not a smart financial move.
Can an SMSF claim travel expenses for a property?
Can trustees claim a tax deduction for their air fare to the Gold Coast for their holiday because their self-managed superannuation fund just so happens to have an investment unit up there?
Couples may need 40% deposit to afford Sydney home repayments
For young Australians, one of the biggest challenges they face is the ability to own their own home. In our practice, we are seeing more and more clients who believe that the dream of home ownership is out of their grasp. Increasingly, we meet younger clients who believe purchasing a home and being able to […]
Why home ownership is important for wealth creation
Australia has a choice to make. Is residential property there for people to live in? Or, is residential property for amassing as many investment properties as you can like a game of Monopoly? If you believe in the latter, there is nothing that needs to be changed. An individual investor who earns an income of […]
This old house cannot be repaired in an SMSF
This old house cannot be repaired in an SMSF: Townsends Business & Corporate Lawyers Renovating property inside an SMSF – property must be freehold This old house …….. Can let you down if not following SMSF rules Wealthier SMSFs More Likely to Fund Renovation of Ungeared Properties Some investors have misconstrued the ATO’s decision to […]