Terry Dactil replied to the topic Transfer of Depreciation from unit trust to SMSF in the forum Help Needed! 9 years, 7 months ago
No I have not sought advice and I am not sure it is a good idea. I am open to any advice. We have the cash in the SMSF and wish to buy property with the money. We have one other property in the SMSF as well as a couple of other income producing assets. We have two companies and a family trust. My plan was to isolate the new property from…[Read more]
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Terry Dactil started the topic Transfer of Depreciation from unit trust to SMSF in the forum Help Needed! 9 years, 7 months ago
I was wondering how depreciation is dealt with between a unit trust and a SMSF. I am setting up a unit trust to buy a property for my SMSF. The property will cost $240K plus costs. I will issue the appropriate number of units so that each unit costs $1. The property will generate about $16K pa income less costs eg rates, insurance maintenance…[Read more]
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Terry Dactil became a registered member 9 years, 7 months ago
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