Brisbane's Accounting & SMSF Specialists

Tag: Investment Properties

Buying a Property with My SMSF

Buying a Property with My SMSF

Investment, SMSF
Setting up a self-managed super fund is a popular choice if you are planning to invest in property. It is actually the only way that you can buy property using your superannuation mone,y and you don’t have to use a single dollar from your own pocket for the entire set up and purchase. Your superannuation is your money - you just can’t access it until you retire so the entire choice of investments is yours. You must adhere to a strict set of laws if you want to go down this path. There are two structures that are required to be set up before you sign a contract to purchase your property. The first is the actual self-managed super fund structure. In all cases, the fund should be set up with a company acting as trustee. This is because any lender, whether it be a bank or non-bank lender, w
Investment Properties – Typical Deductions I can claim

Investment Properties – Typical Deductions I can claim

Investment
For many Australians, their personal home is their biggest investment. Once they have purchased a home to live in, their next biggest purchase would be an investment property. If you are in the market for an investment property, then you should do your homework before you buy. There are many things that you should consider overall, before signing a contract. The extent that negative gearing will impact on your overall tax position is usually the key consideration, along with the timeframe for your investment and capital growth possibilities. If you are mainly concerned with saving tax, then certain properties may give you better tax deductions over others - depending on their year of construction or renovation, and the effective life left in the fixtures and fittings. New properties...