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If you're self employed, have money in superannuation and lease a business premises then pay attention. Calliva Funding, a new lender that specialises in Self Managed Super Fund (SMSF) loans has a product that gives your SMSF the ability to borrow to purchase commercial real estate. You can then lease this real estate and pay rent to your super fund. This is probably the most tax efficient way of funding real estate in Australia.
You don't have to be a business owner purchasing a business premises to take advantage of Calliva's SMSF loans. Calliva's SuperAccess is a simple and practical financing solution for anyone that wants to fund commercial real estate through their super. SuperAccess allows an applicant with a complying SMSF to borrow to purchase income producing commercial, retail or industrial property. Ownership is through a special trust where trustees are nominated by the SMSF as sole beneficiary. The deposit for the purchase, generally 30 percent, is provided by the SMSF and the remaining funds are borrowed through Calliva Funding. If there is a lease on the property the income from the lease is paid directly into the SMSF. This reduces tax on the income the property earns and goes towards servicing the loan. Investment through superannuation is concessionally taxed. Tax rates are 15 percent for income, 10 percent for capital gains and can even be zero percent if you are over 60 years of age. It doesn't take a genius to work out that big savings can be made by funding property through superannuation as opposed to traditional borrowing. Another advantage of Calliva's SuperAccess is that it's a limited recourse loan. This means that if the loan were to go into default Calliva Funding can only enforce against the property that was used as security for the loan. They will not have access to any of the SMSFs other assets. If you are interested in Calliva's SuperAccess product please click here to make an online enquiry. |
