shopping_cart

Your shopping cart is empty

Beating the deadline: undeducted asset contributions into super paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 03 Apr 07 by VICTORIAN DIVISION, THE TAX INSTITUTE

Issues covered in this paper include:

  • what type of assets can a SMSF acquire from a member or related party of the fund?
  • what steps need to be taken for the asset to qualify?
  • Should the asset be contributed to the fund in-specie? Should the fund receive a contribution of cash that can then be used to purchase the asset? Could the asset be distributed in-specie from a discretionary trust?
  • Can the transfer be achieved without stamp duty? Will GST of CGT be payable? Is there a risk that anti-avoidance provisions could apply?
  • Traps for the unwary in common scenarios including:
    • business premises and listed shares
    • assets owned by a discretionary trust, unit trust or company.

Author profile

Jeffrey Chang
Jeffrey is a Partner at Thomson Geer, where he advises on a wide range of taxation, structuring and superannuation issues with a focus on privately-held businesses and high wealth family groups. His is accredited by the Law Institute of Victoria as a taxation specialist. He has held a variety of committee roles with The Tax Institute and is presently a member of the Victorian State Council. Jeffrey is the author of numerous tax articles published in professional journals, and a regular presenter at The Tax Institute's seminars. - Current at 06 June 2016
Click here to expand/collapse more articles by Jeffrey CHANG.

 

Individual sessions

Beating the deadline: undeducted asset contributions into super

Author(s):  Jeffrey CHANG

Materials from this session:

Further details about this event:

 

Copyright Statement