Property Revaluation & SMSF

Do properties held by SMSF need to be revalued every year? Currently, there is no specific legislation that requires properties held by SMSF to be revalued every year. However, independent SMSF auditor will require the financial statements presented to be a fair and accurate representation of the assets of the fund. The auditor must be provided with evidence that the …

Benefits of owning your business property in a SMSF

Many small and medium businesses adopt the strategy of owning their business premises through their self-managed superannuation fund (SMSF). There are a number of benefits in adopting this strategy:  An important business asset is held in a tax-effective structure (super is generally more tax-effective than other investment vehicles). In the event of financial difficulty, creditors often find it more difficult …

Advantages of owning property through an SMSF

There are a number of advantages to holding property inside an SMSF, as opposed to owning it in your own name. 1. Concessional tax on rental income Where you hold an investment property in your own name, tax will broadly be payable based on your personal rate of tax, which could be as high as 46.5%. Similarly, if you were …

SMSF Property investments using a related unit trust

Can a SMSF invest in property through a related unit trust? An SMSF is prohibited from acquiring assets from a related party, except in limited circumstances. One of those circumstances is where the investment is an ‘in-house asset’. SMSFs are limited to investing 5 per cent of the fund’s total assets in in-house assets, and where this limit is breached …