Can I buy a beach house for family holidays through my SMSF?

Answer

For superannuation purposes, you cannot generally live, or even reside temporarily, in any residential property owned by the SMSF, including a beach house.

Remember your fund must always comply with the sole purpose test

The sole purpose test means the investment return from the property through both rental income and capital growth must be the sole focus for buying the property and you must have no other purpose or motive in mind.

Generally, your SMSF can buy a beach house that you rent out to tenants who are not members of the fund, their relatives, or other related parties of your fund.

We recommend that you speak with a financial adviser to help you decide if buying property through your super fund is right for you.

 

Important information

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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.