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thanks again Mike

Thanks Mike Can I get this correct. 1. Transfer from name to SMSF - nominal duty 2. Transfer from SMSF to bare trust due to LRBA - full stamp duty 3. Transfer from bare trust to SMSF on completion of LRBA - no stamp duty Why is 2. and 3. treated differently, as it is transfer in...

Thanks Mike That is interesting. The argument would be that the beneficiary of the bare trust is the SMSF. If your interpretation is correct it would also mean that after the LRBA is paid off and the property then transfer back to the SMSF, it would trigger another stamp duty payment.

Thanks all, Sounds a lot more complicated than first thought mainly due to the fact that it is off the plan and requires LRBA. What about if I purchase in my own name and once the building is completed and strata titles are issued, I sell to my SMSF. The main issues I see are stamp duty...

Waiting to speak to a lawyer. Accountant has pointed me to a draft ruling from the ATO regarding something like this - SMSFR 2011/D1. In particular it uses an example of an off the plan apartment where the deposit is paid for out of smsf funds with the limited recourse borrowing arrangement...

Looking to purchase an off the plan commercial property in a SMSF. SMSF already has enough for the deposit. When the building is finished, it is likely the fund will need to borrow. Currently the SMSF is setup as a corporate trustee so "ABC Pty Ltd in trustee of ABC". ABC is name of the SMSF...