Hi, Just trying to understand the rules and opportunities with regards to overseas investment properties via SMSF... With small amounts in the SMSF, I have been reviewing the opportunity to utilise the SMSF for a right-off purchase of an investment unit in Europe, instead of going through all the hoops to be able to borrow money into SMSF for an investment property in Oz. They would only give you the door of a house for $50k in Oz, and we would have to borrow for say an $350k investment property. But a $50k overseas investment unit, as I calculated right now, has the potential to produce at least AUD$4k annual rental income in our country/city of choice. This is obviously already a better investment return than a cash account in Oz, and that we would own that unit right away, and have the potential to start producing passive income right away. Contrary to the belief of most people, it is actually possible for $50k to buy a good unit in some of the local cities in Europe - in a non-English speaking country. I speak the local language as well, we have local knowledge, local contacts to help manage the property, so this would not be a blind investment... If we were to look into investing in real estate in Oz, would have to establis a bare trust for this, as hiho advised, going through all sort of lending procedures and possibly costs that amount to $5k-10k. So we are evaluating the option to use the SMSF for an overseas investment unit(s) - keeping the unit occupied with good tenants etc won't be very problematic for us, we know that we can rent it out to families because of the city's characteristics and the demographic profile of the region/country. Will greatly appreciate your time in regards to 3 questions about this: 1-) Can an SMSF company with corporate trustees do a right-off overseas property purchase as long as the trust deed and documentation were setup correctly? Even though there won't be a need to borrow/loan, would we still have to establish a bare trust for this too? What should be taken into account, what we should be careful about while planning this? 2) Is this very problematic in practice in terms of compliance? Could you please point out the most preferred practical approach in terms of making the right off purchase... For example, will we need to establish a bank account in the name of the SMSF Company or corporate trustees or would even an individual bank account in the name of a trustee suffice? Not sure how that $50k transfer from Oz to overseas and into the bank account of the seller will need to happen...So, in short, who/what can do what in terms of the transactions between the SMSF bank account in Oz and a potential SMSF bank account overseas? (this is not gonna be easy to establish, if required) and the bank account of the seller... 3-) What if, say, you buy the overseas investment unit in 2-3 years...Continue living & working in Oz for another 15 years and are around 50-55 years of age (so, not qualified yet, it is 60 for us)...Then what happens if you stop being an Australian resident for tax purposes by basically starting to live in another country all year long? What happens to SMSF, should how you manage the overseas property on behalf of the SMSF change?...Of course, I dont mean to move into the investment unit itself, but to that country... When we stop being a resident for tax purposes, we wouldnt have to continue doing individual income tax returns but will we still have to do SMSF tax return/SMSF audits etc, and what are the implications of not being an Australian resident for tax purposes on overseas investments/property... In short, how does the leash around the neck of your SMSF and overseas investments (real estate or otherwise) tighten or loosen when you stop being a resident for tax purposes.. Thanks, much appreciated.