Use Your Super to Buy Property
Written on the 14 March 2011 by G. Dean McKinnon
Recent developments in the Self Managed Super Fund (SMSF) regulations effectively allow a SMSF to borrow for the purchase of a residential or commercial investment property.
For small business owners, it is now possible to use your super as a deposit on your own commercial premises and borrow the rest. If you retire at age 60, any income you receive from the property will be tax-free.
If you have always wanted to retire on the coast, you can use your super to buy the property now and then move into it when you retire.
One of the key advantages of this type of strategy is that no capital gains tax will be payable after you have reached age 60.
Contact us now for a free assessment.
Author:G. Dean McKinnon