Hi All,
Can an SMSF holds the LRBA for the property that has been purchased under the unit trust?
Thank you
When you become a member of The Auditors Institute, you immediately gain access to expertise, advocacy for your profession and peace of mind.
Ask a question in our members-only forum or use the search function to find prior technical discussions on your topic. You can expect a response within 24-48hrs.
Hi Kylie
Can you please further explain your query and I will respond.
A SMSF can acquire units in a unit trust or shares in a company using a LRBA.
The lender would take security over the units or the shares (not the property owned by the Trust / Company).
Thanks
SMSF AAA