Property Conveyancing | SMSF Borrowing Rules, ato, SMSF Loan
SMSF Borrowing>Property Conveyancing
Legal Fees - Cost $1650 (Incl. GST)
Searches $500
Reports (Including strata, building and pest) $750
Budget for $2900
Batallion Legal is a specialist boutique tax and superannuation law firm, which can assist you with the conveyancing aspects of your property transaction. Batallion Legal has a specialist diverse legal team with extensive knowledge in limited recourse borrowing arrangements.
Claiming depreciation expenses against rental income on an investment property increases its value by giving investors greater return on their investment. Depreciation expenses combined with additional holding costs such as repairs, strata, rates and gearing (interest on a mortgage), can help investors reduce net rental income, pay less income tax and improve cash flow.
Batallion Legal can:
guide you through the conveyancing process, from exchange or auction to settlement, alerting you to problematic special conditions in any contract;
help you obtain the best possible stamp duty result for your transaction. In some States, there are exemptions and concessions from stamp duty for the setting up of a property custodian trust and/or on the transfer of property from a member of a SMSF to the individual’s SMSF. Otherwise duty at rates of up to 5.5% or more may apply to the transfer of property. Mortgage duty may also apply on the obtaining of a mortgage over the property, if required;
advise you on all aspects of the transaction, including which entity should be noted on the contract, where purchase moneys should come from and other issues which arise in all conveyancing transactions; and
assist you the proper stamping of your property custodian trust deed with the Office of State Revenue.
Batallion Legal has acted for numerous trustees of self managed superannuation funds, in the acquisition of vacant land, residential properties, commercial investments and retail properties. Batallion Legal’s expertise in taxation and superannuation matters ensures that we can assist SMSF trustees in compliance with super and tax laws. General conveyancers with no expertise in taxation or superannuation law may not have experience in such transactions.
Batallion Legal looks forward to assisting you.
For any queries or specific advice contact us:
Luis Batalha B Com LLB (Hons 1) (Usyd), Director
www.batallion.com.au
luis.batalha@batallion.com.au
As an accountant, we rely on the strength of a professional firm to keep us up to date with the latest changes to superannuation and all other relevant matters. Manoj and his team at trustdeed.com provide us with prompt, efficient service and their assistance has been, and continues to be, of great value to our SMSF needs.
CPA, FCA-I
CNR Accounting & Taxation Services
We used the SISA 67 (4A) borrowing structure from www.trustdeed.com.au for our client's SMSF to purchase a commercial property. We found their technical and professional assistance and promptness in complex matters the main driving force to convince us to use their other offerings in future.
B Comm (Qld) PNA
Director Liverpool Financial Services Centre Pty Ltd