SMSF Loans
Self-managed Super Fund, referred to as SMSF
1. Before applying for a loan,
– First, determine the property you want to buy.
– Then apply for a loan before the transaction
2. The trustee of Self-managed Super Fund (SMSF) must be a company
– If the trustee is an individual, you will need to create a company and designate it as the trustee of your Self-managed Super Fund (SMSF)
3. The legal owner of the property is the trustee of the Property Custodian Trust (PCT):
– The trustee of the Real Estate Trust (PCT) must be a company that creates the company
4. A Property Trust (PCT) must be created prior to the exchange of a contract with the property seller.
5. In the purchase contract, the buyer of the property should be the trustee of the Self-managed Super Fund (SMSF), the contract should indicate that the legal owner of the property is the trustee of the Property Custodian Trust (PCT), and indicate the self The trustee of the Self-managed Super Fund (SMSF) trustee is in place.
6. When the real estate transaction is signed,
– The lender lends 70% of the property price to the trustee of the Self-managed Super Fund (SMSF)
– Paying the purchase price to the property seller with the consent of the trustee of the Self-managed Super Fund (SMSF) and the trustee of the Property Custodian Trust (PCT)
– The Trustee of the Property Custodian Trust (PCT) gives a mortgage loan scheme, specifying the beneficiary of the Self-managed Super Fund (SMSF)
– Some lenders may insist that members of the Self-managed Super Fund (SMSF) make personal guarantees for the loan
7. The trustee of the Self-managed Super Fund (SMSF) collects the rent and pays interest to the lender.
8. Self-managed Super Fund (SMSF) repay loans through the pensions and other benefits they receive.
9. After the loan has been repaid, the property can be transferred from the trustee of the Property Trust (PCT) to the trustee of the Self-managed Super Fund (SMSF) without paying capital gains tax and stamp duty. The Property Custodian Trust (PCT) was dissolved because the Property Custodian Trust (PCT) was no longer needed.
10. The Trustee of Self-managed Super Fund (SMSF) now owns the property and can hold it to the retirement phase (PensionPhase) or sell it at any time.
– If the property is sold in the Accumulation Phase, the Self-managed Super Fund (SMSF) is subject to capital gains tax.