Recommended steps in SMSF borrowing

by

Ed.

From www.smsfadviser.com: An SMSF must amend its trust deed prior to engaging in limited recourse borrowing.

Essential steps for trustees include reviewing the trust deed, verifying the SMSF’s investment strategy, sourcing the property, and finalising lending arrangements.

Adherence to these procedures minimizes potential complications associated with purchasing an investment property through an SMSF.

Filed under: Superannuation

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