Hi,
I was just wondering if under the whole trust/company structure described by Steve whether it is legal to buy a property under a trust entity and then live in the property as a tenant, effectively paying your rent into the trust?
(…a bit of a weird one i know…).Thanks for your help
Hi – I was of the impression only commercial property could be purchased with super?
1 – the trust is a separate entity to yourself. There is nothing stopping you leasing a property from a different entity however you cannot rent from yourself, so a trust with a corporate trustee can lease to you as a person without any issues.
2 – Maree, no-one mentioned the word 'super' but a smsf can purchase any type of property however restrictions apply to purchasing residential property from a related party.Yes it is possible to rent from your own trust
See PBR 83291
http://www.ato.gov.au/rba/content.asp?doc=/RBA/Content/83291.htmTR2002/18
http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR200218/NAT/ATO/00001Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
ah thanks Scott
Awesome! Thanks for your help!!
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