This is an opportunity we have used several times for clients.
Background – clients owned commercial premises and wished to transfer to their Self Managed Super Fund. Issue – capital gains tax on “disposal”.
We advised on Small Business Concessions and this resulted in NIL capital gains tax payable on the transfer. The premises were then held in the tax preferred superannuation environment.
There are also situations where there has been no Stamp Duty payable on the transfer.
