A Bare Trust is only set up if you need to take out a loan (from the bank or you can act as the bank for the SMSF). The bare trust will only be set up once you have identified the property the SMSF would purchase.
Setting up a bare trust is a quick process, and we can have it set up in a few hours. The Bare Trust makes specific references to the property, and you will need to supply us with the following information before we can set up the bare trust – please copy paste and email the following details to us:
Property details:
Address
Lot Number
County
Parish
Title Reference
Plan Reference
Bank Details:
Who is the lender?
Lender Company Name and ACN
Lender company’s address
Loan Information:
Total purchase price, loan amount, term of the loan in years, settlement date
Please email this data to us and the email address is:
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Superannuation Warehouse is based in Melbourne and have clients throughout Australia. We deliver our SMSF administration services in an efficient and paperless way. This efficient service means a competitive fee to you. Our low ongoing fees will enable you to take control of your Super.
Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.
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