Cardiologist Dr Shruti Kapila describes the process of purchasing her second practice in her self-managed super fund (SMSF) as being ‘impossible’ if it weren’t for the help of BOQ Specialist.
Meet Cardiologist Dr Shruti Kapila
Cardiologist Dr Shruti Kapila describes the process of purchasing her second practice in her SMSF as being ‘impossible’ if it weren’t for the help of BOQ Specialist. “When we met Luke from BOQ Specialist, suddenly we had someone who understood what we were trying to do. BOQ Specialist are so good at understanding the medical field. They understand how we work, why we work, what our motivations are and they take that into account.”
The benefits of SMSF lending
On advice from your accountant or financial advisor, one potential way to purchase your practice premises could be through your SMSF. As specialists lending to doctors, dentists and vets, BOQ Specialist has in-depth knowledge of what can be a very confusing and overwhelming process.
We have assisted many clients who have chosen to purchase their practice premises in their SMSF. There are pros and cons when using this strategy to build wealth in your retirement and depending on your circumstances, it could provide a very tax-effective way to purchase your practice location. Some of the benefits include:
- You have a low risk tenant (the tenant is you and your practice);
- The rent you pay is used to pay back the loan;
- There could be potential tax savings; and
- You are locking in rent at the time of purchasing the premises.
For more information about purchasing your premises in your SMSF, speak to one of our financial specialists on 1300 131 141.
Want to know more?
Why SMSF lending makes sense
As a doctor, dentist or vet, purchasing your own rooms through your SMSF can be an attractive option for a number of good reasons.
The information contained in this article (Information) is general in nature and has been provided in good faith, without taking into account your personal circumstances. While all reasonable care has been taken to ensure that the information is accurate and opinions fair and reasonable, no warranties in this regard are provided.