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Success Stories    SMSF Case Study 1
Case Study - SMSF: acquiring property

Scenario:
  • Laura, a 35 year old nurse, has recently started her own practice renting rooms in a medical centre on the grounds of a major hospital
  • her landlord has decided to sell the suite for $350,000
  • she cannot afford to buy her suite
  • she has few other assets, although she and her husband both make very good money
  • they have  $190,000 in a retail master trust super fund and $40,000 in savings
  • the couple roll their super into a SMSF and make use of their savings to make deductible super contributions ($18,680 each)
  • they use the super (now worth $226,000) to invest in the suite using her SMSF
Facts:
  • SMSF lends their super fund $245,000 (being 70% of $350,000)
  • their SMSF pays the balance including all the usual transaction costs including stamp duty
  • the practice continues to pay the same (market) rent as it did before
  • the rent is now helping fund their retirement
  • all future gains in the value of the property are concessionally taxed
  • Joanne no longer has to worry about being unable to renew her lease
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