SMSF Property Purchases: What Has Changed?
If you've been considering purchasing an investment property through a Self-Managed Super Fund (SMSF), there has been an important change to be aware of.
Recent legislation means that new SMSF borrowings to purchase residential property are no longer permitted. While SMSFs can still purchase residential property outright (without borrowing), and existing eligible arrangements continue under transitional rules, the change may affect how some investors plan for the future.
If you're exploring your next investment move, it's worth taking the time to understand how these changes may impact your options. Every investor's circumstances are different, and obtaining advice from a qualified financial adviser and accountant is an important first step before making any decisions.
Whether you're growing your property portfolio, planning for retirement, or simply looking to understand the current market, staying informed is key.
Thinking about your next property investment? The team at Compton Green is here to help you navigate the local market and discuss opportunities that align with your goals.
Get in touch with Compton Green today.
This information is general in nature and is not intended as financial or taxation advice. Readers should seek independent professional advice before making investment decisions.