SMSFs can for the first time access new build and land investments
Self managed superannuation funds (SMSFs) have, until now, had a restriction whereby you were not permitted to invest in brand new house and land builds but a new model offers a way to overcome this limitation.
Buying property within an SMSF as part of a retirement security plan produces significant tax advantages. (Photo courtesy of Celebration Homes) (Image source: Shutterstock.com)
The growing popularity of self managed superannuation funds (SMSFs) is largely due to their flexibility, including the ability to buy property, as opposed to the relative rigidity of industry or retail funds.
Indeed, the latest available Australian Taxation Office (ATO) figures indicate there were 603,432 SMSFs in Australia in June 2022, up 4.4 per cent per cent on the previous quarter.
But even with the range of options presented by an SMSF, t…
