Do you have a Self Managed Superannuation Fund (SMSF) that is purchasing a property?
Our experienced Commercial and Superannuation Lawyers can assist you.
Purchasing property using your Self-Managed Superannuation Fund (SMSF) incorporates the same conveyancing process as a normal residential transaction; however, the acquisition can be more involved if you are obtaining finance.
It is therefore important when signing a Contract of Sale for your SMSF, to ensure the purchaser listed on the Contract is correct, as this can delay finance approval or see you paying additional transfer duty in the future. Queensland has different requirements to other states and as such, this is particularly crucial for interstate buyers to have us review the Contract before signing.
Have you already purchased a property using your SMSF and have recently paid off the loan? Our experienced Commercial and Superannuation Lawyers can assist you by transferring the property from the name of the bare/custodian trust to your SMSF.