SMSF Property Tax Benefits
Using your Self Managed Super Fund to invest in property.
One of the big attractions to using your Self Managed Super Fund to buy an investment property, is that your maximum tax payable on the rental income is only 15 per cent.
Compare this to tax rates of up to 46 and a half per cent when you purchase property in your own name, and you will quickly realise why so many people are now using their super to invest in property.
Also, by using your Self Managed Super Fund to hold your investment property you may be eligible for significant captial gains tax savings in the future.
Another idea is to use your Self Managed Super Fund to borrow as this can provide leverage into more investment properties, providing the opportunity of potential capital growth on multiple properties.
Using your SMSF can be an excellent way to secure extra investment properties that you may not have been able to do without tapping into your Super funds.
Buying property through your Super also helps to diversify your investment portfolio and residential property is the most common type of property purchased within Self Managed Super Fund .
Business owners also have the ability to purchase their business premises with their Self Managed Super Fund which can provide many benefits.
Using your Self Managed Super Fund to purchase residential investment property can be an excellent way to increase your retirement savings if done correctly.
Remembering of course that by using your Super to invest in property you are taking control of your future rather than leaving it in the hands of others such as the share market.
Of course you need to ensure you are working with professionals to assist you in locating the right type of property.
However, before you head down that path your first step should be to engage professionals to help determine whether buying property using your Super is suitable to your circumstances.
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Remember to request your complimentary Self Managed Super Fund strategy session via the second link below to see if using your Super to invest in property is right for you.
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