Bill Atlee replied to the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
Just starting the hypothetical conversation my friend. It doesn’t seem dodgy to me but the ato don’t allow it. Like I said before, why for business but not for personal. At the end of the day, saving money on ur business premises or while building ur super when you sell the commercial proper is personal gain so I fail to see the difference apart…[Read more]
Bill Atlee replied to the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
Hi ctk,
where do those figures come from and under what circumstances?Bill Atlee replied to the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
As in the smsf would have 2 members being myself and my wife..
But that’s just what the government governs you to do. Financially it makes more sense to have access to it now as long as it is still an investment. Exactly the same as using it to buy your business premises if you pay rent to it. Your saving money now while adding growth to your investment.
Bill Atlee replied to the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
Partners are included in the individual SMSF’s.
does it not make sense to pay rent on your own investment opposed to someone else’s tho?
I see it more benificial to live in you investment. Win winThoughts?
Bill Atlee replied to the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
Cheers Richard,
What is the maximum contribution p/yr?
Could my fiancé / wife lease the property if she was not part of the fund?
Do you know how the ato would come to the conclusion that you were living in your SMSF?Bill Atlee started the topic Living in your SMSF property and saving on mortgage interest in the forum Help Needed! 9 years, 7 months ago
Ok so I’ve got a hypothetical situation that I would like some advice on.
Situation
I’m looking at buying a property in Sydney within the next few months to live in. This will be the first property that I’m buying to live in.
I have an investment apartment in Sydney selling in the next week to which I will have say 100k.
I have about 100k tied…[Read more]