Buying property with your self-managed super fund

There are great benefits associated with buying property through your self-managed super fund (SMSF) – namely tax advantages.

For example, your super fund is taxed at 15 per cent – which is likely to be considerably less than your personal tax rate.

But while there are clear benefits associated with buying property through your SMSF, there are some important things you need to know before you leap into the process.

1. You can’t live in the property

When you buy a property through your SMSF, you are not allowed to live in that property. The sole purpose of buying a property in your SMSF is to support your SMSF investment strategy and build your wealth for retirement. That said, if you are a small business owner, you can (in most instances) use the property as your business premises. Of course, you will still be required to pay rent (at market rate). Read More Here