Do you run your own super fund?
How do you stay up-to-date with recent changes? As the Trustee for your SMSF, you have a number of legal obligations. Penalties for breaching your compliance obligations can be severe – including fines, increased taxation loading, ATO rectification orders and mandatory education requirements. Check out this recent article in AFR’s Smart Investor Magazine discussing the latest changes to SMSFs.
If you act on incorrect legal advice when purchasing an investment property through your SMSF, you could be faced with:
- Lost tax benefits
- Reduced retirement savings
- Double stamp duty payments.
At Dangerfield Exley Lawyers, we can help ensure your SMSF strategies are legally compliant from the outset. We carefully review property contracts and related SMSF documents before you enter into investment transactions. Before you invest through your SMSF, let us remove any anxiety or uncertainty. We can assist you with both your legal and financial obligations.
Let us help you determine whether the SMSF changes affect you to ensure your SMSF is compliant for your next investment purchase. Simply call or email us today to confirm the following:
- Advice on whether your SMSF is compliant for investment purposes
- A clear direction how to purchase an investment property through your SMSF
- The first step towards investing in property with a compliant SMSF
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