Documents you need to provide to Sydney Tax for annual tax when you SMSF purchase a property.

Provide Sydney Tax the following when your SMSF purchases a property (with or without a loan).

Contract & 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 (Sydney Tax can recommend a provider);

• Set up automatic direct debits from your SMSF bank account for council rates, body corporate/strata fees and insurance premiums;

• SMSF bank statement for the full year

• SMSF loan statement for the full year

• All the invoices and receipts for the SMSF and property including Buyers Agent Fee (If you used one)

• Life and TPD insurance invoice if you have purchased through SMSF.