All Topics / Legal & Accounting / Trusts & SMSF

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    April 5, 2011 - 9:42 am

    I acknowledge that you cannot shift personally held residential property to a SMSF.

    Does the same ‘arms length transaction’ rule apply to the transfer of residential property held in a discretionary or family trust (with corporate trustee) and SMSF?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 5, 2011 - 9:49 am

    Hi SNM

    If you are a Director of the Company or Trustee of the Trust then regretfully YES same rules apply.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    April 5, 2011 - 9:56 am

    Looks like a short-term change of directors might be in order…..hmmm

    Profile photo of MikeFMikeF
    Participant
    @mikef
    Join Date: 2008
    Post Count: 60
    April 5, 2011 - 10:15 am

    So you think that the ATO can't see past that……..hmmm

    Profile photo of luke86luke86
    Participant
    @luke86
    Join Date: 2010
    Post Count: 470
    April 5, 2011 - 11:25 am

    You can roll property from unit trusts to a SMSF but not from discretionary trusts as far as I am aware.

    Cheers,
    Luke

Viewing 5 posts - 1 through 5 (of 5 total)

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