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I know... lol The next part says: "can be transferred" but doesn't say how. But it's funnier when it says the: "Property Title will transfer from the Security Custodian Trustee Company to the Trustee for your SMSF" like it's automatic. To be clear, it should say the property title may be...

What does stamp duty of capital gains tax even mean? (direct quote). The next section says: "Repayment of Loan to Lender On the repayment of the Loan to the Lender, the Property purchased can be transferred from the Security Custodian Trust to the SMSF. Based on current legislation and...

In simple terms (which may be missing some steps) assuming you are in South Australia... this is the process as I understand it. 1. the bank has to discharge the mortgage by completing a discharge of mortgage document. Once this has been lodged and processed it will remove the mortage from...

Spot on Roomer. I do want to know in detail what happens at the end... before I sign up! If the set up is wrong, my fund can end up paying stamp duty twice which is something I want to avoid. Your post indicates I still have more to learn! Further to this: "SMSF will acquire the Property...

That would be great! Thanks.

Ah. I wasn't sure. I don't have mine yet, so I don't know what is in them.

Does the trust deed explain the process of divesting the property from the trust to the SMSF?

Add this to the list of things you should know before you borrow money to buy property in a SMSF. "Double stamp duty could result" is enough of a warning to me to understand up front what I need to do to avoid it. Roomer, this is a really useful thread.