Provide Grow the following when your SMSF purchases a property (with or without a loan).
Contact & Deposit
Signed copy of purchase contract;
Receipt from solicitor or real estate agent for deposits paid;
Pre-Settlement Items
Tax invoices for building and pest inspections
Tax invoice for property insurance paid
Receipt or invoice for payment of solicitors’ fees
Ensure all policies and invoices/receipts are in the name of your SMSF.
SMSF Borrowing Items
Signed bare trust deed;
Copy of loan agreement (borrower/guarantor copy) or financing deed; or
Letter of offer from bank/lender for the SMSF loan;
Any invoices or letters relating to the lenders valuation fees or legal fees;
Settlement
Settlement statement;
Tax invoice for your solicitors’ fees (conveyancing fees);
Trust account statement from your solicitor (if not attached to settlement statement);
Title search (where provided from a solicitor with settlement statement).
Post Settlement Items
These items to make the ongoing administration and management of your SMSF property investment easier:
Request a depreciation schedule to enable your SMSF to claim depreciation (Grow can recommend a provider);
Provide your property manager with [email protected] to receive a duplicate copy of property management statements;
Set up automatic direct debits from your SMSF bank account for council rates, body corporate/strata fees and insurance premiums;