Hi All, First time post but I have read posts and responses on this site for a little while, and am constantly impressed by the knowledgeable people contributing here. I have recently been advised to setup a SMSF for myself and my partner and one of the main reasons for this advise was to transfer commercial property that we jointly own into the fund. The commercial property is occupied by my own business, which pays rent but without a registered lease in place. The advice has been provided by a professional firm but I am a little concerned as to whether the costs involved with the process are justified by the benefits. My understanding is that capital gains tax will be payable, and that there *may* be transfer costs related to stamp duty. What I am not clear on is whether GST would apply (as the vendor we are registered for and collect/remit GST) and whether contributions tax would also apply, and if the value of the property (around 1.1M) would exceed some sort of limit for contributions. I am currently 39 and my partner is 36, in case that is relevant. Any comments or advice would be most welcome - I am hopeful that the advice I have been given is accurate and suitable, but seeking some reassurance that this is the case.