Comments on: What to be aware of when buying a property with an SMSF https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/ Latest property and investor news Thu, 19 Dec 2024 20:42:17 +0000 hourly 1 https://wordpress.org/?v=4.2.38 By: Sanjeewa https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-7838 Mon, 19 Aug 2024 23:12:15 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-7838 Can rooming houses be purchased under SMSF.

]]> By: Rajiv Shukla https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-7449 Wed, 27 Mar 2024 12:10:57 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-7449 All required points covered, when buying a property with an SMSF, beautifully explained!

]]> By: Marnie Vitullo https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-7336 Sun, 03 Mar 2024 23:56:01 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-7336 Very good read. Thanks for sharing.

]]> By: Kinga https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6647 Mon, 09 Oct 2023 12:22:15 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6647 Hi,
It says you can have 4 or less members, can me and my husband be in one SMSF?

]]> By: The BMT Team https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6478 Mon, 28 Aug 2023 04:58:31 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6478 Hi Fouad,

Thanks for your comment.

You are best to seek advice from your lender or mortgage broker as it may depend on the type of SMSF loan that was established and whether any personal guarantees were provided for this loan.

This may impact your borrowing capacity if so, however, because we’re only specialised in tax depreciation, we can’t provide advice.

Thanks,
The BMT Team.

]]> By: Fouad https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6467 Sat, 26 Aug 2023 03:00:22 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6467 Hi BMT team,

If SMSF borrowers to purchase investment property does this borrower impact personal lending capacity of the borrower?

]]> By: The BMT Team https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6453 Mon, 21 Aug 2023 00:28:48 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6453 Hi Liz,

Thanks for your comment.

A SMSF can’t purchase a residential property from a trustee in any circumstances.

A property purchased by a SMSF also cannot be lived in by any trustee or anyone related to the trustees.

Thanks,
The BMT Team.

]]> By: Liz https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6449 Sat, 19 Aug 2023 05:49:20 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6449 Is it possible for a SMSF to purchase a trustee’s property but the trustee not live at the property after the sale?

]]> By: The BMT Team https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6322 Tue, 30 May 2023 05:47:09 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6322 Hi Vanessa,

No, the relevant legislation prohibits SMSFs to purchase an investment property with a related party.

For more information, we recommend consulting your accountant or financial adviser.

Thanks,
The BMT Team.

]]> By: vanessa https://www.bmtqs.com.au/bmt-insider/buying-property-with-smsf/#comment-6318 Tue, 23 May 2023 03:52:53 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37974#comment-6318 Hi, is it possible to buy a SMSF investment property with siblings?

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