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Conquest Forums Junkie Location: Sydney/Wollongong Registered: October 2003	Re: Housing - who can afford it? Mon, 16 May 2005 13:51 Toobs wrote on Mon, 16 May 2005 23:10 Conquest wrote on Mon, 16 May 2005 17:44 No, if you've got your own self-managed super fund you are not allowed to invest in assets for your own personal use, regardless of how they are used. You can use the fund to invest in other investment properties, just not your own. The problem with superannuation is that it is locked away until you are 55, and the balance of the super fund cannot be used as security for a home mortgage or something similar... I don't see how they could argue it... if you are "investing" in a property and then you also rent it out, to yourself, then essentially you are investing in your own property twice... you're not just scamming your superannuation. The idea is that the govt doesn't have to pay for your retirement... what better way could their be? These are the rules regarding 'in house' assets; Quote: 'In-house assets' are loans to, investments in, and assets subject to a lease or lease arrangement with a related party of the superannuation fund. In general, SMSFs are restricted from lending or leasing more than 5% of the superannuation fund's total assets to a related party of the superannuation fund and are generally restricted from investing more than 5% of the superannuation fund's assets in a related party of the superannuation fund [SISA s66 (2A)]. More details here http://www.ato.gov.au/super/content.asp?doc=/conte nt/19109.htm [Updated on: Mon, 16 May 2005 13:52] [Report message to a moderator]

	Subject	Poster	Date
	Housing - who can afford it?	soarerchic	Sat, 14 May 2005 11:55
	Re: Housing - who can afford it?	BlackGT4	Sat, 14 May 2005 12:10
	Re: Housing - who can afford it?	river	Sat, 14 May 2005 12:15
	Re: Housing - who can afford it?	thechuckster	Sat, 14 May 2005 12:20
	Re: Housing - who can afford it?	Conquest	Sat, 14 May 2005 14:34
	Re: Housing - who can afford it?	jackel	Sat, 14 May 2005 21:33
	Re: Housing - who can afford it?	Apollo	Sun, 15 May 2005 04:40
	Re: Housing - who can afford it?	soarerchic	Sat, 14 May 2005 13:16
	Re: Housing - who can afford it?	sleeker162	Sat, 14 May 2005 13:50
	Re: Housing - who can afford it?	Shraka	Sat, 14 May 2005 14:32
	Re: Housing - who can afford it?	JDM hachi	Sat, 14 May 2005 23:17
	Re: Housing - who can afford it?	Cyber-punk	Sun, 15 May 2005 00:47
	Re: Housing - who can afford it?	Corona RT142	Sun, 15 May 2005 01:14
	Re: Housing - who can afford it?	draven	Sun, 15 May 2005 02:36
	Re: Housing - who can afford it?	M.J.H	Sun, 15 May 2005 05:13
	Re: Housing - who can afford it?	JDM hachi	Sun, 15 May 2005 05:51
	Re: Housing - who can afford it?	soarerchic	Sun, 15 May 2005 10:59
	Re: Housing - who can afford it?	soarerchic	Sun, 15 May 2005 11:00
	Re: Housing - who can afford it?	dimmy77_03	Sun, 15 May 2005 12:05
	Re: Housing - who can afford it?	oldcorollas	Sun, 15 May 2005 15:22
	Re: Housing - who can afford it?	soarerchic	Mon, 16 May 2005 01:35
	Re: Housing - who can afford it?	oldcorollas	Mon, 16 May 2005 13:21
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 03:22
	Re: Housing - who can afford it?	thug_immortal	Mon, 16 May 2005 04:44
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 06:13
	Re: Housing - who can afford it?	THE WITZL	Mon, 16 May 2005 06:45
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 07:27
	Re: Housing - who can afford it?	Conquest	Mon, 16 May 2005 07:44
	Re: Housing - who can afford it?	Toobs	Mon, 16 May 2005 13:10
	Re: Housing - who can afford it?	Conquest	Mon, 16 May 2005 13:51
	Re: Housing - who can afford it?	ZZT231	Mon, 16 May 2005 07:51
	Re: Housing - who can afford it?	dimmy77_03	Mon, 16 May 2005 09:13
	Re: Housing - who can afford it?	Ko Ko	Mon, 16 May 2005 12:54
	Re: Housing - who can afford it?	ZZT231	Mon, 16 May 2005 13:09
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:18
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:26
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:30
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:35
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:36
	Re: Housing - who can afford it?	Shraka	Tue, 17 May 2005 03:36
	Re: Housing - who can afford it?	ZZT231	Tue, 17 May 2005 23:09
	Re: Housing - who can afford it?	Shraka	Fri, 20 May 2005 09:53
	Re: Housing - who can afford it?	SupraPete	Tue, 17 May 2005 03:38
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 03:39
	Re: Housing - who can afford it?	lumpy	Tue, 17 May 2005 05:27
	Re: Housing - who can afford it?	Ribfeast	Tue, 17 May 2005 09:56
	Re: Housing - who can afford it?	THE WITZL	Tue, 17 May 2005 11:15
	Re: Housing - who can afford it?	thechuckster	Tue, 17 May 2005 11:24
	Re: Housing - who can afford it?	Corona RT142	Tue, 17 May 2005 23:15
	Re: Housing - who can afford it?	soarerchic	Sun, 22 May 2005 11:17
	Re: Housing - who can afford it?	thechuckster	Sun, 22 May 2005 11:34
	Re: Housing - who can afford it?	soarerchic	Sun, 22 May 2005 11:38
	Re: Housing - who can afford it?	thechuckster	Sun, 22 May 2005 12:09
	Re: Housing - who can afford it?	soarerchic	Fri, 27 May 2005 07:18

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