Published on 11 Mar 04
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
When considering the most effective succession planning opportunities for clients, practitioners are more and more often turning to a SMSF. One of the most significant assets a business has to consider in planning is property. This seminar paper uses case studies to examine the opportunities and pitfalls of transferring property into or acquiring property through a SMSF.
Case studies consider:
- SIS restrictions
- in specie contribution of real property
- CGT, income tax and stamp duty issues
- pitfalls of getting property into a SMSF
- pitfalls of getting benefits/property out of the fund.
This seminar paper was also presented by Chris Ketsakidis at the Self Managed Superannuation Funds seminar held in Melbourne on 11 March 2004 and at the Superannuation & SMSFs seminar held in Melbourne on 7 July 2004.
Greg is the Chairman of the Adelaide and Darwin partnership of Minter Ellison. He practises in the areas of superannuation, taxation, trusts and commercial law, and advises generally on a wide range of commercial matters including company and business sales and acquisitions and appropriate business structures. Greg has acted for a wide variety of superannuation funds and also has extensive taxation and stamp duty expertise in all areas of commercial transactions.
Current at 1 October 2004 Current at 19 November 2004
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