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9 Comments

  1. Great for Vic based SMSFs but great also for SMSFs in other states which buy Victorian properties.

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  2. Hi Liam,

    I just read the article. I’m a lawyer in Melbourne and have done a few of these transfers myself, from the individual to his smsf, for Victorian properties, without incurring stamp duty. They are known as in-specie transfer using non-concessional contribution or the CGT cap. They have to be business real property and there must be no consideration. Also the ‘evidentiary requirements’ on the SRO website have to be provided. There are also other conditions which have to be satisfied. I can also do transfers from a discretionary trust to a beneficiary. Again certain conditions have to be met. Usually this is the first step when the property is in the trust and the client wants to transfer it to their smsf. I’ve written articles on this topic in the SMSF Adviser magazine. If any of your clients or readers need help with this, I’m happy to assist.

    Kind regards,
    Kenneth Ang

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  3. It has been great for me to read such great information about blogging since I am still a newbie to blogging.

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  4. Kenneth Siah

     /  August 3, 2016

    Dear Coach, How about transfer in the other direction? Kenneth 0403 256765

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    • Hi Kenneth

      Again it depends on your state. NSW and SA buyer will probably have to pay Stamp duty but Victoria probably not. Ask your lawyer to explore all options and worth calling the Duties office yourself.

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  5. Vincent Walasek

     /  June 24, 2016

    I understand that Stamp Duties are payable on the transfer of personally owned property into ones SMSF but what happens when you reach the age of retirement and want to cash out. Is Stamp Duty payable on the transfer of the property out of the SMSF? Based in SA and soon to retire.

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    • Hi Vincent

      This is not a site for specific personal advice so you should contact a solicitor in South Australia. However in general I do not believe there is an exemption on Stamp Duty when moving a property from an SMSF to the individual in SA. If you sell the property in the fund and pay the cash out then that will be tax free if in pension phase. If however you are moving the actual property out as a lump sum withdrawal then you will most likely be up for full stamp duty in your personal capacity as buyer. I would strongly recommend personal advice from professionals in your state.

      Hope this helps.

      Liam

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  1. Benefits Of Transferring A Business Property In To Your SMSF – Superannuation Strategy | The SMSF Coach

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