Do you meet the “sole purpose test”?
A SMSF is a superannuation trust structure that provides benefits to its members upon retirement, where the SMSF members are also the trustees of the fund.
If you already have a SMSF speak to us if you are looking to purchase a property through the SMSF as there are regulatory requirements that you must comply with.
Borrowing or gearing your super into property must be done under strict borrowing conditions called a “limited recourse borrowing arrangement”. A limited recourse borrowing arrangement can only be used to purchase a single asset, for example a residential or commercial
If you are considering setting up a SMSF, you must meet the “sole purpose test”. Contact us to discuss how we can assist you in setting up a SMSF and how you can use your SMSF to purchase an asset.
Don’t Hesitate to Reach Out!
If you would like to learn more about how DC Strategy Lawyers can be of assistance, we are happy to talk. We know that each business is unique and it is not a case of one size fits all. Our initial meetings are an investment on our behalf. We take the time to assess your needs and determine an action plan to move forward together.
Call 1300 993 624 or email@example.com