Superannuation Borrowing For Medical Professionals
- Yves Schoof
- 2 hours ago
- 1 min read
Recent developments have introduced a proposal to scrap borrowing within superannuation for residential property. While this has generated significant discussion across the financial landscape, there are important distinctions that medical professionals should be aware of.
What This Means for Your Practice
The good news: If you own or are considering purchasing your practice premises through your self-managed super fund (SMSF), the current indications suggest that Limited Recourse Borrowing Arrangements (LRBAs) for commercial property remain unchanged.
This is particularly relevant for medical professionals who have utilised or are planning to utilise superannuation structures to acquire their consulting rooms or clinic premises.
Key Points:
Commercial property borrowing (including medical practice premises) appears unaffected
Residential property borrowing within super is the focus of the proposed changes
Situation remains fluid; staying informed is essential
Next Steps
If you are currently considering purchasing your medical rooms within your superannuation structure, or have questions about how these proposed changes may affect your financial planning, it is advisable to seek personalised advice.
Book an obligation-free session with us, and we'll work through exactly what makes sense for your situation, without the guesswork.
Comments