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Discussion in 'Introductions' started by Eva Katalin, 4th May, 2010.

  1. Eva Katalin

    Eva Katalin New Member

    Joined:
    4th May, 2010
    Posts:
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    Location:
    Sydney, NSW
    Hello Everyone out there. I am a new member, just joined. I hope to learn about SMSF , specificity about commercial property in specie transfer to SMSF.

    Hope to hear from you.
     
  2. Billv

    Billv Getting there

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    Location:
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    Hi Eva

    Welcome to the forum.
    There is good info on SMSF's here and there is also a lot more on the internet.
    Why are you interested?
     
  3. Eva Katalin

    Eva Katalin New Member

    Joined:
    4th May, 2010
    Posts:
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    Location:
    Sydney, NSW
    Hello,

    I have been researching the internet and I know a lot about SMSF. My query is more to do with Small Business CGT Concessions than with SMSF. I own a factory unit, my husband is leasing it from me and using the factory for his small business. I would like to transfer the factory into the SMSF. I would like to know if this transfer could come under the CGT concession for small businesses. I think I will have to go to see a specialist accountant about this but try to do as much research as possible as well. Accountants are charging so much.

    Thanks
     
  4. Billv

    Billv Getting there

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    Eva

    But if the asset is owned by yourself why would your husband's company have to pay CGT? Accountants aren't all expensive btw. Mine isn't
     
  5. Eva Katalin

    Eva Katalin New Member

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    Location:
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    HI,

    My husband wouldn't have to pay CGT, if anyone, I would have to. But maybe under subdivision 152 I could get exemption. I was hoping that someone is more familiar with this rule than I am and would be able to tell me more about how it works in practice.

    Thanks
     
  6. Billv

    Billv Getting there

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    lets see if anyone familiar with the issue sees your post and answers your question, otherwise you can start a new thread in the correct section
     
  7. Eva Katalin

    Eva Katalin New Member

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    Location:
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    Where is the correct section?
     
  8. Billv

    Billv Getting there

    Joined:
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    Location:
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    You can try the super or the real estate sections below
    and start a thread with a title " transfer of commercial property to SMSF"

    Real Estate

    Super and Personal Insurance