Buying land with Super

Discussion in 'Investment Strategy' started by cazar, 28th Jan, 2019.

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  1. cazar

    cazar Member

    Joined:
    12th Jan, 2016
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    Location:
    sydney
    Hi,

    Is there anyway to buy land with our self managed superfund? We’ve already purchased the land but would like to sell it to our superfund. Or is there a way to borrow from our superfund to build on it?

    Any advice will be much appreciated.
     
  2. Terry_w

    Terry_w Broker, Lawyer, Tax advisor, Debt Recycle advisor Business Member

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    18th Jun, 2015
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    Australia wide
    A SMSF cannot acquire residential property from a member.
    Also a SMSF cannot borrow to construct
    A SMSF also cannot lend money to a member.
     
  3. JohnPropChat

    JohnPropChat Well-Known Member

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    Location:
    Middle Earth
    Why sell it to your SMSF? Tax effectiveness? Is it a dud?

    What terry said, can't acquire residential property from a member anyway.