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Buying half a farm with Superannuation

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Ledlin, 15th May, 2014.

  1. Ledlin

    Ledlin New Member

    Joined:
    15th May, 2014
    Posts:
    1
    Location:
    Upper Hunter Valley
    We are thinking about buying a farm with our super. My partner wants to go halves in the purchase with a friend of his who would be an excellent partner. I am wondering if it is possible to do this?
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    It may be possible. But if a SMSF will be part owner then the property couldn't be encumbered. ie. cash purchase