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Selling property to put money in super

 
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Old 16-04-2007, 12:15 PM   #1 (permalink)
Mark Laszczuk
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Selling property to put money in super
Was given this link and thought I'd forward it on as it makes some good points.

Your Property: Super dupe

Mark
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'If you're going through hell, keep going’ - Winston Churchill

'Success is not about brilliance. Success is about perseverance. Hanging in there is of far more importance than any other single factor.' - Kristine

This is a general comment only and does not constitute advice. Before making legal or financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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Old 16-04-2007, 11:41 PM   #2 (permalink)
DaveA
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what about the whole residential property and SMSF = Big No..

i think that should of been raised in the article... did make me think a little bit more though..
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Old 29-05-2007, 09:48 AM   #3 (permalink)
MattR
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Quote:
Originally Posted by DaveA View Post
what about the whole residential property and SMSF = Big No..

i think that should of been raised in the article... did make me think a little bit more though..

You can buy residential property in super if you want to and it meets the requirements of the funds investment strategy.

Or are you referring to the issue of the residential property not being secured by a mortgage?
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Old 29-05-2007, 06:34 PM   #4 (permalink)
Mark Laszczuk
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Dave,

You can own resi in a SMSF as long as it doesn't have any borrowings against it.

Mark
__________________
'If you're going through hell, keep going’ - Winston Churchill

'Success is not about brilliance. Success is about perseverance. Hanging in there is of far more importance than any other single factor.' - Kristine

This is a general comment only and does not constitute advice. Before making legal or financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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Old 29-05-2007, 08:16 PM   #5 (permalink)
DaveA
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Quote:
Originally Posted by Mark Laszczuk View Post
Dave,

You can own resi in a SMSF as long as it doesn't have any borrowings against it.

Mark
sorry guys, the point i was thinking was you can not sell a resi property you own to a SMSF, it doesnt pass the in house test, you can only buy resi properties from a non related party... this is what i was getting confused on...
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Old 06-06-2007, 08:13 PM   #6 (permalink)
Rob G.
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Commercial property can be transferred in specie.

What about death benefit ETP's to non-dependedants - they pay 16.5% tax where otherwise they might not if held by your estate.

Regards,

Rob G.
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