Transfer (or Sale) of a Commercial Property from a Member to a SMSF
Maurice Di Dio
Passionate Founder of iSaint: Transforming Financial Well-being with Proactive Support, Credit Protection, and Mental Health Assistance.
Business Real Property (i.e. property that is used wholly and exclusively in one or more businesses such as Commercial Property) is specifically allowed to be transferred from a Member (or an associate of a Member including family members by blood or marriage or entities controlled by the Member) to a SMSF at market value. However you will need to consider Capital Gains Tax and Stamp Duty Implications prior to making this transfer. Check out this short video....https://www.ato.gov.au/super/self-managed-super-funds/investing/restrictions-on-investments/business-real-property/
If you need any assistance with SMSF Lending please Contact Maurice Di Dio or visit www.moneyelements.com.au
Regards,
Maurice