Important: Reset your password We've made some changes to our website. You will need to reset your password to access your account, access online books, purchase items from our online shop, or download papers from the Tax Knowledge eXchange.
Published on 03 Apr 07
by VICTORIAN DIVISION, THE TAX INSTITUTE
Issues covered in this presentation include:
what type of assets can a SMSF acquire from a member or related party of the fund?
what steps need to be taken for the asset to qualify?
Should the asset be contributed to the fund in-specie? Should the fund receive a contribution of cash that can then be used to purchase the asset? Could the asset be distributed in-specie from a discretionary trust?
Can the transfer be achieved without stamp duty? Will GST of CGT be payable? Is there a risk that anti-avoidance provisions could apply?
Traps for the unwary in common scenarios including:
business premises and listed shares
assets owned by a discretionary trust, unit trust or company.
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
We've made some changes to our website. You will need to reset your password to access your account, access online books, purchase items from our online shop, or download papers from the Tax Knowledge eXchange.
To reset your password, click on 'Reset password' below.