Points To Ponder When Going For Smsf Property Investment

It is easy and practical to invest in the self managed super funds property. Touch Screen Phones However the same comes with its own set of responsibilities too. First question that needs to be answered is who can be the property trustee. The property trustee should be a third party trustee from the SMSF trustee or the members of the SMSF. This is to ensure that the whole deal is not false and all the property transaction and party and in house asset rules are complied to and there is no breach.Incase the SMSF property needs to be transferred, the owner and member of the SMSF need to make sure that all mortgage loan and any other debt is cleared and the transfer can only happen to a third party.If the SMSF had a loan on it, as and when the same is repaid, the legal title needs to be transferred to the SMSF, as the same is part of their entitlement. And they need to make sure that they are not paying any tax, GST or stamp duty, as they are the beneficial owners and hence relieved of any such liabilities.However in case the total land value on which the SMSF property was build, exceeds the proscribed amount, then the SMSF has to pay the land tax, as they are the beneficiaries owners.The SMSF property investors also need to make sure that to benefit from the in-house asset rule, none of them occupies the property, and hence the same will stand breached. However they do have the option of buying a property that they intend to use and live in after retirement. This can be simply done by transferring the property from the super fund to the owner after retirement.You also need to make sure Wholesale that the purchase of the SMSF property is in the name of the property trustee, who will on completion of the purchase of the property lend it to the investor. Post this exercise the SMSF will manage the property as it would like Watch Cell Phone any other real estate investment.There has been a slight change to the ability to borrow and charge on the SMSF property; however the same is guided by the following rules:The borrowed money should be used for investment in real estate or in creation of an asset. The asset that will be purchased from the borrowed money has to be in the name of the SMSF property trustee. And lastly, Touch Screen Phones the SMSF must have the right to acquire the legal ownership of the asses by making paymentThere are regular restrictions that apply to the SMSF property investment, that apply to superannuation funds. In case the trust decides to invest 100% of its asset in real property, they need to ensure that the funds have enough liquidity to meet its liabilities