Stamp Duty for buying property via SMSF

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Rajiv Srivastava, 3rd May, 2019.

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  1. Rajiv Srivastava

    Rajiv Srivastava Active Member

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    18th Aug, 2017
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    Sydney
    Hi,

    If it is first property purchase for SMSF and cost of property is less than 600000, Does the SMSF required to pay Stamp Duty or is it exempt as it is first home for SMSF.
     
    Rajiv Srivastava, 3rd May, 2019
    #1
  2. JohnPropChat

    JohnPropChat Well-Known Member

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    Have to pay Stamp duty, no exemptions. Is someone helping with the process? It is a lot more involved than buying in personal names.
     
    JohnPropChat, 3rd May, 2019
    #2
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    A SMSF cannot have a "home". It acquires an investment property and the tenancy must be unrelated etc. Therefore no exemptions, concessions or reductions. And the SMSF wont actually be acquiring the property either if borrowed money is being used. The buyer will be the trustee of the custodian trust.
     
    Paul@PAS, 3rd May, 2019
    #3