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Selling property to put money in super

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Mark Laszczuk, 16th Apr, 2007.

  1. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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  2. DaveA

    DaveA Well-Known Member

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    what about the whole residential property and SMSF = Big No..

    i think that should of been raised in the article... did make me think a little bit more though..
     
  3. MattR

    MattR Well-Known Member

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    You can buy residential property in super if you want to and it meets the requirements of the funds investment strategy.

    Or are you referring to the issue of the residential property not being secured by a mortgage?
     
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Dave,

    You can own resi in a SMSF as long as it doesn't have any borrowings against it.

    Mark
     
  5. DaveA

    DaveA Well-Known Member

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    sorry guys, the point i was thinking was you can not sell a resi property you own to a SMSF, it doesnt pass the in house test, you can only buy resi properties from a non related party... this is what i was getting confused on...
     
  6. Rob G.

    Rob G. Well-Known Member

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    Commercial property can be transferred in specie.

    What about death benefit ETP's to non-dependedants - they pay 16.5% tax where otherwise they might not if held by your estate.

    Regards,

    Rob G.