News : Property

Property

Lump sums confirmed for HEAS

lump sum home equity

Changes to the Home Equity Access Scheme will increase its appeal to retirees and provide more flexibility in using capital tied up in residential property.

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Documentation, Property

Property documentation more critical

SMSF property documentation

Standard documentation practices for proof of ownership regarding SMSF properties have a taken on different implications due to a NSW law amendment.

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Property, Retirement

Reverse mortgage milestone passed

Pension Boost reverse mortgage

A specialist firm that helps pensioners access reverse mortgages has passed a milestone in approvals from a scheme run by the government.

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Property, Retirement

HEAS improves its appeal

home equity access scheme

An additional method of providing funding payments to consumers is about to be added to the government’s Home Equity Access Scheme.

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Property

Property valuations need proof of ownership

smsf property valuations

SMSF trustees must be able to prove property assets are held on behalf of their fund and not by them personally to avoid breaches and penalties.

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Estate Planning, Property

Limited consideration of property at death

SMSF property death benefit

Non-specialist SMSF advisers are not considering how to treat property as a death benefit.

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ATO, Property

Valuation guidance confusing

ATO SMSF valuation guidance

The ATO’s guidance on SMSF property valuations is giving auditors no comfort from either a practical or compliance perspective.

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Property

FHSSS slightly more attractive

super saver scheme

The First Home Super Saver Scheme may have more appeal for some given the reduction in minimum deposits on home purchases included in the budget.

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Property, Tax

Payment type irrelevant for property sale CGT

property transactions CGT

Large-value property transactions must clear CGT withholding rules regardless of whether they are made in cash or in specie.

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Investments, Property

DomaCom hits investment milestone

DomaCom investment fund

DomaCom’s flagship investment fund has passed the $100 million milestone, with SMSFs a key driver in its growth.

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