Superannuation 2013

Stamp duty implications of common SMSF transactions

Source: South Australia

Published Date: 22 Nov 2013

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

SMSFs are regularly party to transactions involving real property and investment vehicles such as unit trusts. The tax advantages of holding assets in the superannuation environment are well-known. However, the stamp duty implications of SMSF transactions are often misunderstood or inadequately dealt with. This paper explores in some detail the South Australian stamp duty issues arising in a range of reasonably common transactions involving SMSFs, addresses some misconceptions and highlights the importance of careful planning and documentation to achieve appropriate stamp duty outcomes.

This paper covers:

  • stamping SMSF trust deeds, amendments and changes of trustee
  • stamp duty implications of transferring assets to SMSFs
  • stamp duty on the following types of transactions:
    •  o in specie benefit payments to members
    •  o in specie death benefit payments to dependants and legal personal representatives
    •  o limited recourse borrowing arrangements – setting up the security trust, acquiring the asset and vesting the security trust 
  • relevant exemptions and concessions in the SMSF context, and how to apply them.

Individual Session

Stamp duty implications of common SMSF transactions

Author(s): Bernard Walrut CTA

Details

  • Published By: Bernard Walrut CTA
  • Published On:22 Nov 2013
  • Took place at:Stamford Plaza, Adelaide

The material is copyright. Apart any fair dealing for the purpose 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.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Superannuation 2013

Share this page