Buying half a farm with Superannuation

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Ledlin, 15th May, 2014.

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  1. Ledlin

    Ledlin New Member

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    1st Jul, 2015
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    Upper Hunter Valley
    We are thinking about buying a farm with our super. My partner wants to go halves in the purchase with a friend of his who would be an excellent partner. I am wondering if it is possible to do this?
     
    Ledlin, 15th May, 2014
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It may be possible. But if a SMSF will be part owner then the property couldn't be encumbered. ie. cash purchase
     
    Terry_w, 15th May, 2014
    #2