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10 Sept 2023

Hi,

I would like to purchase multiple properties via SMSF, without getting a loan.


I've read through a related question: Can an existing Bare Trust be used to purchase a second commercial property? | ATO Community. But it seems the question/answers are revolving around the loan-specific scenario.


In my case, I do NOT want to get a loan. I would just outright buying multiple properties through my SMSF.


Now, it begs the questions:

  • Can I just use the current (and the only one) trust for the superfund for MULTIPLE properties?
  • What is the recommended trust structure it should be for my case? Do I need to create dedicated trust for EVERY property? Or it's all good reusing the same one.



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1 replies
1,430 views
1 replies

Most helpful response

Most helpful reply

TobyJDodd(Devotee)Registered Tax Professional
10 Sept 2023

Hi WilsonAussie.


if you are not borrowing then there is no need to use a bare trust arrangement.


Your SMSF (which is already a trust) just buys in it’s own name.


Toby

All replies

Most helpful reply

TobyJDodd(Devotee)Registered Tax Professional
10 Sept 2023

Hi WilsonAussie.


if you are not borrowing then there is no need to use a bare trust arrangement.


Your SMSF (which is already a trust) just buys in it’s own name.


Toby

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What SMSF trust structure should it be when buying multiple properties with NO borrowing | ATO Community