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  1. MikeF

    Commercial property and SMSF

    Hi mg If there is going to be a Limited Recourse Borrowing Arrangement the name on the contract & transfer needs to be the security custodian entity's name not the SMSF.
  2. MikeF

    Commercial property and SMSF

    The difference is #2 can not be legally done as a SMSF can not leverage an existing asset it already owns because under the LRBA the loan purpose must be soley for the acquisition of an asset.
  3. MikeF

    Commercial property and SMSF

    Hi I've had my understanding confirmed by a tax partner of a Sydney CBD based second tier chartered accounting firm. On the transfer of the property from the bare trust when the debt is repaid there is no stamp duty payable so long as the bare trust has been correctly prepared and stamped...
  4. MikeF

    Commercial property and SMSF

    Hi The relevent change to the NSW Stamp Duties Act is covered at section 62A http://http://www.austlii.edu.au/au/legis/nsw/consol_act/da199793/s62a.html The Act states that the duty of $50 is payable on transfer of real property from a person to the trustee of a SMSF and is only applicable...
  5. MikeF

    Commercial property and SMSF

    Simple answer is yep but as others have said get it wrong and your in trouble.
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