Superannuation Strategy: Transfer Business Premises Into a Superannuation Fund (Australia Only)

What you should have.

You or a accompanying article owns the acreage your traspasos de locales bcn operates from
Superannuation Balances of $150,000 or greater
How it Works.

Your superannuation antithesis (and your partner's), are formed into a Self-Managed Superannuation Armamentarium (SMSF). You are trustee and in ascendancy of the SMSF.
The Superannuation Armamentarium (utilising a Bare Trust) borrows acceptable funds to accredit it to acquirement your business property.
The acreage is purchased and the funds transferred to you to advance as you wish.
Rent is now payable by the business to the superannuation fund.
Why is this Fantastic?

The antithesis of your superannuation armamentarium (less costs of the transaction) is now in your easily and able to be utilised to abate debts, advance in the business or added opportunities which may not be acceptable if these monies were captivated in a superannuation fund
Rent is now payable to the superannuation armamentarium and you can armamentarium your superannuation faster than contrarily possible
There should be cogent tax advantages as the net rental assets is acceptable to be burdened at 15%.
As beneath tax is actuality paid, added funds are accessible to abate debt, traspasos de locales bcn accordingly the debt can be repaid quicker.
Should you ability retirement age and draw a alimony from the superannuation fund, it is accessible that the tax amount on approaching net rental assets will be NIL and any basic accretion fabricated on the auction of the acreage may additionally be chargeless of assets tax
What are the disadvantages?

There are several costs complex in the transaction (including establishing SMSF, Bare Trust, Stamp Duty and Legal costs appointment the property, accessible Basic Gains Tax and Others)
The superannuation armamentarium regulations are complicated and we acerb acclaim you OBTAIN PROFESSIONAL ADVICE on your specific affairs afore entering any arrangement
CASE STUDY

John and Judy own their factory, which is currently admired at $350,000. They accept a coffer accommodation for the acreage of $240,000, and their superannuation balances are $140,000 in total.

The business struggled afterwards accident a ample chump 12 months ago, and to accumulate advantageous debts on time, John had to use acclaim cards which now accept antithesis of $50,000 and are incurring 20% absorption ( traspasos de locales bcn). The business is aback to breakeven advantage but they are clumsy to chargeless up abundant banknote to accord the acclaim agenda debt. John additionally has a abundant befalling to win a ample arrangement but he would charge $50,000 to armamentarium the antecedent banal purchase.

The coffer is afraid to accommodate added money due to the contempo trading results, the access in acclaim agenda debt and 2 months acclaim agenda repayments were absent 6 months ago.