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Our SMSF Limited Recourse Borrowing Arrangement Package can be used where an SMSF is borrowing to buy an asset being real property, listed shares or units in a unit trust.
It doesn’t matter whether you are borrowing from a bank or a related party. If, however, you are borrowing from a related party you will also need to prepare a SMSF Related Party Loan document.
You will receive:
- Instructions as to how to deal with your documents.
- The relevant bare trust deed that is customised to the state that the asset is located in as well as the particular lender you are using.
- A Statutory Declaration that may be required by your state’s stamp duties office when you stamp the bare trust deed.
- A minute of the trustee of the SMSF where they meet and decide to acquire the property via a bare trust and to borrow from a particular lender.
Please note: Unlike other Law Central documents, the SMSF Limited Recourse Borrowing Arrangement document is currently prepared manually, which unfortunately means that the document is not automatically generated by our servers and emailed to you immediately. Typically your document is prepared and emailed to you within 2 working days of it being ordered and paid for. We hope to be able to automate the process like our other documents in the near future. However, due to public demand, we are making the document available by way of manual processing in the interim.
Sample is not available for this document.
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This document has been prepared by Access Law Group