Hi, I have 123K in my super account. I wish to buy a property in india via my SMSF. I wont need any home loans. Do you see any challenges with this.

Regards
Amit

Weekdays busy – Had a quick chat with one of the respondents on this forum and they will get back to me latter this week.

Ziv, I would be keen know the outcome. I am going to be ringing some accountants myself next week to try and find out who has done this previously. I was told
A) If a person does an individual SMSF then property overseas is in the persons name
Don’t know about situation where 2 or 3 people get together to form the SMSF.

Guys, With no loan requirements – I think this is straightforward.
A) Has anyone set-up an SMSF to buy property overseas – anywhere (say the USA).
Would you recommend any one who can help in this activity (professionally).

Regards

All the three of us are Australian citizens and have a Indian OCI (overseas citizen of India -Like dual citizenship).

We are Indian by background but have now settled in Australia.

We have family (parents) in the city in which are planning to buy the property.

No Loan required – Simply want to buy the property off the plan in India. 

Terry, Can you help with setting up a SMSF to buy property overseas. If so, I am happy to give you a call and seek professional advice on the matter.
Is this approach (using SMSF to buy property overseas) used by people and approved by TAX office.

Please advice if anyone else has had this problem with st george bank this year.

Thanks banker – really appreciate your comments and they will be very useful tommrow.1 à I will lodge a complaint tomorrow morning with the bank and get a complaint number.2 à I will lodge a complaint with the banking ombudsman3à they definitely had a system error ( I have that in email) – also in phone conversations – they kept on repeat…[Read more]

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