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LRBA Wind Up Documentation
Description | Standard* | Premium* |
LRBA Wind Up Documentation | $880 | POA |
* Additional fees for hardcopy documents apply. Click here
Price is per bare trust. An additional $880 applies per bare trust.
Pricing includes GST. | |
Once a limited recourse borrowing arrangement (LRBA) loan is fully repaid, an SMSF trustee has the right to acquire legal ownership of the LRBA asset from the relevant custodian or bare trustee. This may require the arrangement to be finalised and the bare trust wound up.
DBA Lawyers offers a suite of documents to evidence the repayment of an LRBA loan along with the requisite direction by the SMSF trustee to the custodian or bare trustee to transfer legal title to the LRBA asset back to the SMSF trustee. This documentation suite also provides practical guidance on concluding LRBAs after the loan has been fully repaid.
DBA Lawyers can also provide advice and assistance at our hourly fee rates.
What’s included
- Covering letter
- Suggested resolutions for the SMSF trustee and the custodian
- A direction from the fund’s trustee to the custodian for the LRBA
- A letter from the lender to the fund’s trustee confirming the end of the loan
Please note that the discharge and finalisation of any mortgage, charge and security documents as well as any property transfer, are not included in this documentation suite. These are usually prepared by the lawyer handling the client’s property work. We can provide a referral, if needed.
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