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    Buying property in your SMSF

    With all the hype surrounding property, there are dangers of getting it wrong – especially solicitors who may not be versed in this topic and get the name wrong on contracts (can have implications for double stamp duty).Beware of Buying Property in your SMSF – check the contract – if it has inclusions such as carpets, garden shed, home theatre equipment, solar power arrays – then is the SMSF acquiring a single acquirable asset? A bit technical but it can only borrow to buy a single acquirable asset. Contact this office if you are unsure and we can put in touch with suitably qualified legal experts.

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