Business Real Property in SMSFs: SuperCentral Many SME business owners have ownership of the property where they work or, in many cases, aspire to owning their business premises. For many an SMSF is the ideal entity for their business real property (BRP). This article looks at some key issues to consider: land tax, stamp duty […]
SMSF
Charged but not convicted – can you have an SMSF?
Charged but not convicted – can you have an SMSF? Townsends Business & Corporate Lawyers Can ‘youthful indiscretions’ disqualify someone from being an SMSF Trustee? So, you want to establish an SMSF but had some youthful indiscretions where charges were proven but no conviction was recorded. Where does that leave your plan for an SMSF? […]
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 […]
Top 10 Traps for SMSF Borrowers, SMSF Loans
Since 24 September 2007 SMSF trustees have been able to borrow for direct property purchases under the limited recourse borrowing rules.
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 […]
Starting SMSFs to Escape Share Market
Over $14 billion in superannuation moves out of existing funds every year and goes into new or existing SMSFs. Why is the equivalent of a biggish industry fund moving into DIY every year? People choosing to escape the share market allocations of retail and industry funds to protect their assets and find stable income streams. […]