Borrowing to buy your practice premises in superannuation

Borrowing to buy your practice premises in superannuation

As we approach the festive season, irrespective of faith or background, we look forward to a well-deserved break from the year that has been and some quality time with our friends, family and loved ones. Gift giving is often part of this time of year. The gift to ourselves, particularly those of us in practice, is often the time to reflect on our business strategy and consider options for the next 12 months ahead.

Our practice premises, ownership and superannuation are often a confluence of thoughts and considerations at this time. Indeed, purchasing a practice premises in a self-managed superannuation fund (SMSF) remains a very hot topic for many dentists. This article is designed to make you reflect on your options at present, and also be a timely reminder that borrowing in your SMSF to acquire property may be approaching its sunset.

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