All Topics / Help Needed! / Transferring your existing investment property into an SMSF?

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  • Profile photo of samgoudasamgouda
    Participant
    @samgouda
    Join Date: 2013
    Post Count: 19
    January 26, 2015 - 1:45 pm

    Hi all,

    Just wondering if it is possible to transfer your existing investment property into your own SMSF (either individual or corp trustee).

    If so, what are the procedures and recommendations?

    If not, why?

    Everyones help is always appreciated =)

    Best,
    Sam

    Profile photo of crjcrj
    Participant
    @crj
    Join Date: 2004
    Post Count: 618
    January 26, 2015 - 1:58 pm

    Not if property is residential.

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340
    January 26, 2015 - 2:24 pm

    You cannot transfer a residential property into a sMSF, however you can transfer ‘business real property’ into a SMSF, there are some loopholes here under the defn of BRP, however you will need legal/ accounting advice to look into this further.

    Generally speaking, many people transfer a commercial property such as office/ factory into an smsf, however there are others included – refer SMSFR2009/1 (http://law.ato.gov.au/atolaw/view.htm?docid=SFR/SMSFR20091/NAT/ATO/00001)

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
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    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

Viewing 3 posts - 1 through 3 (of 3 total)

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