Australian's love affair with property is not limited just to their family home, with many households owning investment properties at some stage in their life. Often these properties are bought with the aim of providing tax savings generated through negative gearing.
Increasingly investors are finding that the tax savings are not compensating them for the costs of retaining and maintaining the property.
An alternative to purchasing a negatively geared property in your own name, is to consider purchasing it via a Self Managed Superannuation Fund. Superannuation is concessionally taxed and can assist in boosting your retirement savings.
Business owners that currently lease business premises may consider purchasing their premises using an SMSF. This allows their business to continue to pay market rent to their SMSF and also assist their superannuation balance by paying off an asset over time.
