Assets and Capital gains

We have two houses, one in which we live and twice the value of the second home which is rented to our daughter. We own both premises. We are 60 and 54 yesr of age. The wife works and I have been unemployed for 2 years living off our savings which are been drained at a rapid rate. We have an number of years before retirement. I am seeking advise on what is the best way to prepare for retirement. I have in mind selling the larger home and moving into the smaller. In doing so placing the proceeds of the home sale into our SMSF fund. What are the ramifications to doing this? We have resided in both houses, the current for 14 years and the second for 9 years. What would be your recommendations.

0 comments
0 comments



To make a comment, please register or login

Preview your comment