Buying a Property in a Self-Managed Superannuation Fund

Currently, it is possible borrow and buy an investment property in a Self-Managed Superannuation Fund. This is subject to quite a few conditions and costs.

It is likely, but not certain, that the Government will stop this practice sometime in the near future.

If you want to discuss buying an investment property in a Self-Managed Superannuation Fund, before you can’t, please contact me.

Buying property in a Self Managed Superannuation Fund

The use of Self Managed Superannuation Funds to buy and gear investment properties has exploded over the last few years.

This strategy is not without pitfalls, as this article explains.

http://www.itbdigital.com/opinion/2014/10/08/using-a-self-managed-super-fund-and-borrowed-money-to-buy-property-can-be-risky-business/#.VExE4yVSBPk.email

Contact us if you want to dicuss this matter further.

Quantity Surveyors Reports

I just spoke to a client who was unaware that they could claim depreciation on their rental property. In most cases, the depreciation claims on a rental property exceed $2,000. Usually, to claim this depreciation, a property owner has to get a report from a Quantity Surveyor. The cost of which is a tax deduction.

All investment property owners should check if they are claiming the full amount of depreciation that they are entitled to.

Pathway to Weath November Seminar

Would you like more clarity, certainly and confidence in your financial future?

I am holding a series of seminars, in association with Arrow Financial Services, to help get you on the right track. There are still a few places available at our seminar being held on Wednesday night (20th Nov)

You should attend if :

  • You are a homeowner who has built up some equity
  • You are between 28-50 or have more than 10 years to retirement
  • You have the capacity to commit to some savings

This is not a “get rich quick seminar”. It is a “get rich slow” seminar that details simple strategies that grow your wealth with time.

The seminar will be held at the Bank of Queensland, Old Coach Road, Upper Coomera.

Contact me to book your seats.

Pathway to Wealth

 

Would you like more clarity, certainly and confidence in your financial future?

I am holding seminars, in association with Arrow Financial Services, to help get you on the right track.

You should attend if :

  • You are a homeowner who has built up some equity
  • You are between 28-50 or have more than 10 years to retirement
  • You have the capacity to commit to some savings

This is not a “get rich quick seminar”. It is a “get rich slow” seminar that details simple strategies that grow your wealth with time.

I have organised 2 seminars. One on 22nd October and the Second on 20th November at 6:00pm. Both will be held at the Bank of Queensland, Old Coach Road, Upper Coomera.

Contact me to book you seats. (Seats are limited)