We are needing to sell my father's house in order to pay for Aged care placement.
We do not wish to lose this house, but cannot afford to buy it ourselves.
Under these circumstances, can I use a SMSF and purchase the property to rent out?
Under these circumstances, can I use a SMSF and purchase the property to rent out?
No - SMSF is not allowed to acquire residential property from members or their associates.
Your SMSF auditor will confirm this.
Under these circumstances, can I use a SMSF and purchase the property to rent out?
No - SMSF is not allowed to acquire residential property from members or their associates.
Your SMSF auditor will confirm this.
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