investment in private company?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by AusGuy, 17th Mar, 2020.

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  1. AusGuy

    AusGuy New Member

    Joined:
    9th Mar, 2020
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    Location:
    Brisbane
    hi all,

    sorry if off topic...

    is my SMSF about to buy shares in a private company?
    If i was to own shares to a private company in my own name, can i sell to my SMSF?

    thanks
    (sorry for the NewB q.)
     
  2. JohnPropChat

    JohnPropChat Well-Known Member

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    10th Sep, 2015
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    Location:
    Middle Earth
    In house assets - 5% rule and other pitfalls to watch out for. Non geared unit trusts can be an option too. Need specialist advice.
     
  3. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    1. Maybe, maybe not. What is the fund investment strategy etc Is there are related party associate etc ?
    2. No. Prohibited s66. Zero exceptions.

    A trustee Director of a SMSF is meant to know the rules and can be penalised if there is a breach. A reminder is contained in the declaratuion you must have signed. Refresher