Category «Holding Property in SMSF»

Strategies for selling off properties in retirement

Question My wife (67) and I (73) jointly have three properties in NSW. They are as follows: One is our principal place of residence. We have owned it for 20 years and it has appreciated by $2 million Another, which is an AirBNB since 4 years, was constructed after 2 years of owning the land. …

Retiring to a House Owned by Your SMSF

Question I am 63 yo and have reached retirement age. My SMSF has a residential property asset (no outstanding mortgage). I would now like to live in the property. I would like to make an in specie transfer of the asset from the SMSF into my name without the need for cash to change hands …

Buying a Farm to Retire to in Your SMSF

Question I am planning to set up an SMSF. I am transferring my industry fund to an SMSF after receiving a redundancy in 2019. The current balance in the Super account is $350,000. It will be a joint SMSF with my partner, who has an old super fund with just a few hundred dollars in …

Transferring Property Out Of Your SMSF

Question Seeking to clarify what are the actual rules around someone that has reached preservation age 57 being able to now keep or use the investment property that is currently in the SMSF title and was purchased outright through the SMSF using Concessional contributions ie SG amounts? (has been rented previously with income following into …

Getting more money into your SMSF to buy a property

Question We have just sold our property and intend to place some $300,000 each into our SMSF as a bring forward non concessional contribution, and intend to buy an investment property. We are the trustees of the SMSF and not yet retired but close to it. The value of the investment property is more than …