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Oliver T.
Oliver T.
Carlton, VIC
8 Likes
0 Followers

Hi

I have quite a bit of equity in a property I purchased through a smsf. Is it possible to refinance the loan, increase the borrowing from 50% to 70% and use the funds as a gift to my kids to help them buy a property?

last week

Responses

Hi Oliver,

Simple answer is no.

You can can refinance the loan but you can’t increase the debt - one of the quirks of SMSF & propery.

Also, unless you are old enough you won’t be able to get the money out of super. Even if you could increase the debt on the property.

Regards
James

Hi Oliver,

Sorry to say, James is correct. You can’t do anything with the equity unless you sell the property and you can’t use it personally until you are in pension phase

Cheers

Scott

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