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Discussion in 'Accounting & Tax' started by thesuperman, 13th Jul, 2016.

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  1. thesuperman

    thesuperman Well-Known Member

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    If there is a capital loss from an investment in a SMSF and you were to close down that SMSF & open up a new SMSF, can you transfer that same capital loss to the new SMSF? Or not since it would be a brand new entity?
     
  2. Property Hoarder

    Property Hoarder Active Member

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    Why set up a new fund?

    Difference entity, can not be transferred.
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Interesting question. Loses can't be transferred between entities usually.

    Why do you want to roll your balance over to a new fund? Estate planning reasons or asset protection?
     
  4. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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    Answer is no. The CGT loss is lost.
    It can be costly to migrate from one fund to another. Allow for possible stamp duty on investments perhaps. Get financial advice.