What Do You Need To Setup A Bare Trust
Bare Trust Requirements Establishment of a bare trust set up is only required should you need to take out a loan (from a bank, private lender, or other source) for the purchase of a residential or commercial property through your SMSF. If a residential property is sought for investment purposes, it cannot be your home, …
The Big Benefits Of Using A Bare Trust
Are you an Australian with a Self-Managed Superannuation Fund (SMSF)? The number of Australians with SMSFs will exceed a million this year as SMSFs become more valuable. If your SMSF wants to invest in property, you’ll soon learn that an SMSF itself cannot borrow money in its own right. You’ll need a Limited Recourse Borrowing …
LIMITED RECOURSE BORROWING ARRANGEMENTS (LRBA)
Trustees of self-managed super funds (SMSF) now have the opportunity to purchase property, either residential or commercial, through their SMSF after amendments to superannuation legislation in September 2007, which allows for these SMSF trustees to borrow for the purpose of single asset acquisition. As long as the SMSF has sufficient funds for a deposit that …
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