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Borrowing by SMSFs to acquire real property - Is it worth all the trouble? presentation

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 presentation 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.

Author profile:

Chris Balalovski CTA
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 Click here to expand/collapse more articles by Chris BALALOVSKI.
 

This was presented at National Superannuation Conference.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Chasing tax within unit prices or credit rates

Author(s):  Dana FLEMING,  Narelle TOOHEY

Materials from this session:


Large fund issues and the ATO

Author(s):  Stuart FORSYTH

Materials from this session:

SMSF regulatory update

Author(s):  Greg TANZER

Materials from this session:

Living to age 120, the pensions dilemma and other defined benefit conundrums

Author(s):  Barry RAFE

Materials from this session:


Tax issues in successor fund transfers

Author(s):  Ross Stephens

Materials from this session:



SMSF issues and the ATO

Author(s):  Stuart FORSYTH

Materials from this session:







Further details about this event:

 

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