An SMSF can invest in properties
- commercial or residential
- with loans or without loans and
- can invest locally or overseas
There are several property agents and promoters that can assist you in the position of Trustee of the SMSF to help select a property. We at Superannuation Warehouse will act as your accountant and tax agent, and it is your decision as Trustee of the SMSF to select a suitable property.
Tax deductions for property
To claim depreciation on the decline in value in the building cost of a property, you will need a quantity surveyor’s report. The rate of depreciation is usually 2.5%. The ATO gives guidance an the process of property depreciation. An example of a quantity surveyor is BMT Quantity Surveyors.
Here are some examples of property promoters: