SMSF / Limited Recourse
What is a Limited Recource Purchase?
Self-managed superannuation funds (SMSFs) can borrow to purchase property. However, there are strict requirements on the trust structure that must be used, as well as the property being acquired and use of the property after settlement. Banks also have strict requirements when lending to SMSFs, and we can help you deal with lenders for SMSF transactions.
SMSFs are audited each year to ensure these requirements are met, and there are severe penalties in the event of breach.
We will ensure that your structure is compliant, and you are aware of the requirements for it to remain compliant both before and after settlement of your purchase.
GET IN TOUCH
Tel: +61 7 5552 6666
Fax: +61 7 5528 0955
Office: Level 2, 17 Welch Street, Southport Qld 4215
Postal: PO Box 1876, Southport QLD 4215
Open: 8:30am – 5:00pm Monday to Friday
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