Published on 29 Aug 13
by NATIONAL DIVISION, THE TAX INSTITUTE
Many superannuation savers are borrowing to purchase real property in their SMSFs. Although this strategy delivers advantages for some investors, it should not be forgotten that the necessary regulatory requirements to effectively implement it are extremely complex and there are a myriad of issues and traps that need to be very carefully considered. The focus of this paper is on giving practitioners the necessary tools to properly advise clients who may be contemplating this strategy. It covers:
- implementing, maintaining and dismantling the structure – what are the prudential, tax and stamp duty issues?
- overview of the finalised SMSFR 2012/1 and TA 2012/7
- what are the advantages and disadvantages of this strategy?
- issues when auditing an SMSF that has implemented this strategy
- latest developments and strategies
- case study – comparison of different strategies.
Simon is Manager Strategic Advice at Perpetual Private.
- Current at
24 April 2014
Chris is Executive Director of Private Client Services at EY in Sydney. Chris has extensive experience in providing integrated solutions to the needs of high net wealth individuals and business owners in respect to superannuation (including SMSFs), estate planning, asset protection and taxation. His expertise also includes income tax, GST, FBT, stamp duty, land tax and international tax. Particular industry specialisations include financial services, medical, legal and property development. Chris is also the Chairman of the Self-managed Independent Superannuation Funds Association and is a member of The Tax Institute's Estate Planning Committee.
- Current at
19 September 2016