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  • Profile photo of misguided_willmisguided_will
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    @misguided_will
    Join Date: 2008
    Post Count: 4
    May 27, 2016 - 9:35 am

    Hi Terry,

    Thanks for the suggestion. I think the co-owner should be able to borrow enough against their existing properties to fund their 50% share.

    Regarding co-owner use (actually a relative), assuming the house has self-contained quarters such as a granny flat OR is a dual key apartment, do you think their usage would comply with the SMSF rules? Who would I contact to get a definitive answer? The ATO? Thanks again….

    Profile photo of misguided_willmisguided_will
    Participant
    @misguided_will
    Join Date: 2008
    Post Count: 4
    May 26, 2016 - 4:57 pm

    thanks terry

    re “the property couldnt be mortgaged”, i was planning to use my smsf balance of $150k to get a loan to pay the smsf’s 50% share, meanwhile the co-owner/related party would arrange their own financing to pay for their 50% share.

    To clarify, do you mean that the co-owner/related party can’t have their loan secured against their 50% ownership in the residential investment property?

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