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I fully accept the stamp duty. Maybe I've misunderstood Marty's comment? Seems to suggest could avoid it.

I'm open to that idea. However, wouldn't there be stamp duty somewhere along the way? The property is joint-owned under their names, so wouldn't moving it into a SMSF incur stamp duty?

No other siblings. Does that simplify things? :) I think this isn't an option for them for 2 reasons: 1. As far as I know, they have very little in superannuation. Don't really know why. I thought super was compulsory? 2. Neither are interested in looking after a SMSF. Thanks for your...

Cheers Foxy. I think I've came across the "market value substitution rule" before. Thanks for clearing things up! I guess regardless of how to skin it we'll have to get a valuation done on the property. Would most likely avoid being highly positively geared. The hybrid solution would balance...

Can someone recommend an expert in Sydney who's an expert on these matters? I know there are plenty of pros who frequent these forums...

Thanks tobe. I think it's a case of "if i can get it then why not?". I definitely agree that there are cultural factors behind it. Some view their own assets as separate to their family's, which supports the "living off the rent" idea. Others don't care who owns what as long as the overall...

Hi everyone, My parents own a commercial property which they'd like to transfer/sell to me. Reason being they're in their late 50s and would like to get rid of it in order to qualify for age pension in 6-7yrs time. They purchased the property around 8 yrs ago and have been using it to run their...