Shane
Top Contributor
Has anyone here looked into buying domain names using a self-managed super fund?
I've tried searching, but can't find anything on this subject except for an old website which was offering bundles of domains which could be bought by a SMSF. Of course just because someone was selling them doesn't mean that a SMSF can legally hold them...
I can't really see why not though. As long as the domain is purely for investment purposes and not for personal use it will meet the "sole purpose" rule for a SMSF, and of course any income generated by the domain would have to be retained within the fund.
A SMSF is also an entity with it's own ABN, so I assume it would meet AUDA's requirements in the same way that a natural person with an ABN can.
So yeah, any thoughts? I'm in the process of setting up my own SMSF, and I wouldn't mind allocating a percentage of it to domain investment.
PS. I am a financial planner by trade.
I've tried searching, but can't find anything on this subject except for an old website which was offering bundles of domains which could be bought by a SMSF. Of course just because someone was selling them doesn't mean that a SMSF can legally hold them...
I can't really see why not though. As long as the domain is purely for investment purposes and not for personal use it will meet the "sole purpose" rule for a SMSF, and of course any income generated by the domain would have to be retained within the fund.
A SMSF is also an entity with it's own ABN, so I assume it would meet AUDA's requirements in the same way that a natural person with an ABN can.
So yeah, any thoughts? I'm in the process of setting up my own SMSF, and I wouldn't mind allocating a percentage of it to domain investment.
PS. I am a financial planner by trade.