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.
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.
Why sell it to your SMSF? Tax effectiveness? Is it a dud? What terry said, can't acquire residential property from a member anyway.