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:
Who is the lender?
Lender Company Name and ACN
Lender company’s address
Total purchase price, loan amount, term of the loan in years, settlement date
Please email this data to us and the email address is: