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You could be reaping substantial tax and wealth-creation benefits
by purchasing or transferring existing property through a
self-managed super fund.
Call us on 02 9211 6000 today or request a call back from a
self-managed super specialist to learn more.
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SMSFs have skyrocketed in popularity among business owners. Here’s why: Not only can they add wealth to
your retirement nest egg but they also let you manage commercial property tax-effectively.
Six reasons to buy your business premises through your super
By purchasing a commercial property owned by you personally, a family company or trust, through an SMSF, you
can unlock cash that’s tied-up in your business. Use this cash instead for reinvestments back into your business,
to help finance other personal assets, or to reduce your non-tax-deductible home loan debt.
You can pass your business property down to future generations with minimal fuss and little to no tax
consequences while, at the same time, keeping that property out of reach from future-generation
family breakdowns, creditors, and lawsuits.
Assets in SMSFs are protected from bankruptcies and lawsuits. Should you or your business face litigation or
should your business file for bankruptcy, your business property will be insulated from creditors – including the
Australian Taxation Office.
If you own your business premises through your super fund, you can lease it to your business – and the rent you
pay to your SMSF is generally a business tax deduction as are all other expenses including interest, depreciation
rates, and insurance. Just imagine the savings!
If you don’t have enough money to buy your business premises outright, your SMSF could borrow the shortfall
from a bank. All your fund will need is the correct structure and enough savings to pay for a 30 percent deposit
Contact us today to see how we can help you better manage your super.