Transfer investment property to super fund

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Bender12, 2nd Jun, 2017.

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  1. Paul@PAS

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

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    18th Jun, 2015
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    Sydney
    9 resi properties would be very difficult (ie almost impossible) to be classified as a property business. And if it was there is a complex tax issue to encounter. An inspecie transfer may be allowed by state law but the ATO has a large CGT issue with the issue if the taxpayer tries to use the small business CGT concessions.

    This is a complex area and legal, tax and financial advice would be suggested.
     
    Paul@PAS, 5th Jun, 2017
    #21
    Bender12 likes this.
  2. Paul@PAS

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

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    Hard to see the ATO accepting them as a boarding house if they are not registered under state law.
     
    Paul@PAS, 5th Jun, 2017
    #22
    Terry_w and Bender12 like this.
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