Auctions are regarded as cash sales because they are unconditional. Therefore people have to have their finance in place before the auction.

Perhaps you should look at small developments or commercial investments…?

Hi Wayne,
I do not know the exact ins and outs of Superfunds.
I do have my own fund, it is a very old structure though.
I suggest you get real good advice.
It can make a huge difference to your Tax,CGT, GST etc.
The goal posts get shifted constantly…only a pro that works with this stuff every working day can give you the correct advice.
I would also consider exit rules to be applied if one party wants to get out.
Such a process should be agreed upon before entering a split set up like that.
For example: That the party that want’s to stay has first right of purchase.
I do not know who you are getting “into bed” with…and let’s face it…you might not either. What I am saying is that money, stress or other circumstances changes people’s attitudes and outlooks. Therefore having an agreed and signed process for the eventuality seems prudent to me.
All the best!
Juerg

• This reply was modified 7 years, 1 month ago by  Juerg.