Tag Archives: property for sale in Spain

How To Buy Property Using Super Funds?

The process of buying properties with superfunds, whether within the country or abroad, can be quite complicated, especially since there are many rules and regulations regarding it. Still, using a super fund or self-managed super fund (SMSF) to buy property is often a good idea because it allows people to plan for their golden years without digging deep into their savings. 

After all, who wouldn't want to buy an investment property abroad without reducing their disposable income? If you’re interested in buying property overseas like houses sale in Spain then browse to online sources..

Image source:-Google

Another advantage of using this route is that personal borrowing capacity will not be affected. In addition, the income from this investment will be free of income tax once the trustees are over 60 years of age.

The idea of buying property abroad is quite popular for several reasons:

– Some destinations abroad offer a relaxed atmosphere and a pleasant climate throughout the year, which allows you to enjoy a very good quality of life. Therefore, it is easy to find tenants in these places.

– Consecutive global crises have resulted in extremely low real estate prices in certain attractive destinations.

– Some countries offer special packages to induce foreign nationals to invest in property there, thus ensuring that the best possible deal is available.

– Some of the most popular destinations offer excellent rental returns of around 15% with a very high occupancy rate, ensuring that the investment is extremely profitable.

There are a few things to keep in mind when buying properties abroad in retirement funds. In fact, the rules that govern how superfunds and SMSFs can invest abroad must be followed very scrupulously, as any deviation will lead to penalties. Apart from this, there are many commercial aspects that must also be taken into account because the lure of a seemingly sweet deal can make people act nonchalant.