answered
Q: If I purchase an investment property through my SMSF and then on reaching retirement, I choose to wind up the superfund and transfer the house to myself for Owner Occupation, do I need to pay Stamp Duty on the transfer to myself, or is this exempt.?
A: I am considering buying the small commercial property with SMSF through Bare Trustee / Bare Trust to run my own business. I have the 60% deposit and would like to borrow 40% from Bank in order to purchase the property. Under the current law I am not able to lease the commercial property to someone else as this will be considered as investment property.
What will happen to this commercial property when I reach the retirement age and when the loan is paid out? Can I sell or lease this property when I retire ?
Best
Gordon
