Investing in property via your Self Managed Super Fund
Using a non recourse loan to purchase property.
The Institute of Chartered Accountants have highlighted an issue for trustees of a SMSF that have invested in property through their fund. If a trustee has used a limited recourse borrowing arrangement to purchase the property, the rules around these arrangements limit the ability of owners to fund repairs to their property. Trustees affected by the recent floods in Queensland and fires in Victoria should contact the providers of the borrowing arrangement as soon as possible.
We hope you enjoyed this edition of Cetax N.S.W. Australian Tax Updates. We are constantly improving our service and welcome any feedback you may have about the e-newsletter, or about any other areas of our website. If you have any comments or suggestions we would love to hear from you so please contact us using the Cetax N.S.W. contact form.
