Some good news, SMSFs are still able to acquire assets such as real property using the limited recourse loan rules.
The recommendation in the Financial System Enquiry to ban limited recourse borrowing arrangements has been rejected by the Government. This means that SMSFs will be allowed to continue using this form of borrowing arrangement for the foreseeable future.
Morrows are always happy to assist if you are considering purchasing an asset in your SMSF using borrowed funds.
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