How We Helped

Lawrence Financial Advisors saw an opportunity to transfer John’s commercial property into his Self-Managed Super Fund (SMSF) and undertook a detailed feasibility study for this option.

This would enable the cash in John’s SMSF to be used to purchase the commercial property, clearing all business and personal debt. Additionally, this would create income tax savings with the rent on the property being taxed at the lower tax rate of 15% in the SMSF. Plus, we found a strategy that allowed us to transfer the property in for nominal ($20) stamp duty!

The major challenge was obtaining finance approval for the SMSF loan, due to the tenant for the property being the business, which was struggling financially.

After months of work restructuring and working with the Accountant (as well as dealing with Banks, Lawyers, Valuers and the Office of State Revenue), we settled the transaction and achieved the objectives of clearing all debt in John’s business.

John saved his business. How could we help you?

Ask how our finance brokers can help you.

The Outcome

After working with Lawrence’s Business Advisors and SMSF specialists, John has saved tens of thousands in tax every year. His business is cashed up and debt free, he no longer has the stress of bank reporting covenants and has improved his business asset protection position.

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