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SMSFs Can No Longer Borrow for Residential Property | Adelaide News
New rules shut the door on SMSFs borrowing for residential property, but business real estate? Still game. Effective June 26, 2020, SMSFs can’t use Limited Recourse Borrowing Arrangements (LRBAs) to buy regular homes — unless that property qualifies as “business real property,” meaning it’s used wholly and exclusively for a business purpose. Think commercial premises, not apartments above shops — unless you can prove the whole setup fits the tax office’s strict guidelines. If you’re eyeing property via your SMSF, get expert advice first — compliance isn’t optional, and timing matters. Listen…
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