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Hi Guys,
From the above discussion i understand that CGT wont be taxed if the property is sold after retirement. My question is with relation to the period when the property is held and rented out before retirement, is the tax treatment same as it would had the IP been held by an individual or is it different?
regards
Jaideep
Hi Ankit/Zmagen,
Did you guys have any luck with your discussion with the accountants, please let us know as i am in a very similar position albeit with a smaller balance in my super
Hi Terry,
Thanks for your reply as mentioned i have very little knowledge of an SMSF or the regulations surrounding it which is why i asked.
And no i am not Thai, whatever you mean by that!
regards
Jaideep
Hi Guys,
Am pretty new to property investing and know very little about the how SMSFs work, but going through the thread i understand that the biggest hurdle is that no lender overseas would be willing to lend based on the regulatory requirements in Australia. My question then is what if there is no lending involved or if the lending requirements are fulfilled by a private loan from say a family member. I am in a similar situation and would like to setup a SMSF to invest in India. I have 2 options either pool funds with my Dad or to use my own money, which i must add would mean over 90% of my currently SF balance.
Any thoughts on whether this would work?
regards
Jai
