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.
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.
Contact us if you want to dicuss this matter further.
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.
It may be possible for life insurance and sickness and accident insurance payments to come out of your superannuation fund. This can ease the cash flow pressure of paying for these important insurances.
Please contact us if you would like to know.
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 :
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.
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 :
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)
It is worth checking the unclaimed money register at https://www.moneysmart.gov.au/tools-and-resources/find-unclaimed-money/unclaimed-money-search. One client found $7,000 of lost funds.
It may be possible for life insurance and sickness and accident insurance payments to come out of your superannuation fund. This can ease the cash flow pressure of paying for these important insurances.
Centrelink for some bizarre reason no longer issue Group Certificates. You either have to contact Centrelink to get one issued or as a tax agent I can access the information via the Tax Agent’s Portal.
We have just received a certificate from the Taxation Office for meeting the lodgement deadlines for 2012 tax returns. ATO Certificate. It is nice to get some recognition from the ATO for the work that we do!