Newspaper article News Mail Bundaberg Qld.

Super Fund Investment Needs Care

Newspaper article News Mail Bundaberg Qld.

Super Fund Investment Needs Care

Article excerpt

- Kate Farrelly,

domain.com.au

FIGURES from the Australian Taxation Office show property investment in self-managed super funds is growing fast.

C[pounds sterling]There is now a significant trend towards direct property investment in SMSFs because a lot of baby boomers are wanting to take control of their super,C[yen] says Michael Yardney, director of Metropole Property Strategists.

C[pounds sterling]TheyCOve lost confidence in the managed-funds industry and the volatility of the sharemarket is fresh in their minds so they want to invest in the security of bricks and mortar.C[yen]

Significant tax breaks are the biggest drawcard for SMSF investors.

Rental income and capital gains are taxed at 15% and if you hold the property in your SMSF until your super goes into the pension phase, you pay no tax on the rental income or on the capital gains if you sell.

On the downside, you canCOt live in the property and neither can any friends or family members. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.