can i use smsf to help buy my first house?, page-17

  1. 83,842 Posts.
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    I think this gets too complicated.

    Keep it simple -- if you want a house inside the fund - then thats fine - as long as it meets the sole purpose of funding retirement and as long as it is at arms length.
    Sole purpose, soul purpose, soul purpose.

    that's it - neat and clean - no mix of monies/loans, no use of it as a home, no rellies involved.

    If you want to ping it off in future - all proceeds stay within the fund. The fund owns the house - you don't.

    Personally I wouldn't have a res. property within cooee of a superfund - unless you were a real property person AND the fund was in pension mode -------- I think aussie property returns with the way the tax laws are is a pain in the bum.
    Then who the hell wants the trouble of owning a property if you are old enough to be in pension mode anyway - you don't have to worry about tenants or painting fixed interest or stocks -- property? yuk.

    have a great w/e

    Pinto
 
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