Tax with Max: Transferring a holiday unit to an SMSF

Understanding the rules on SMSF property purchases and renting out a principal residence.

Summary: An investor who owns a holiday unit may wish to transfer it to their SMSF in a tax-effective way. Regulations covering superannuation mean that the only property an SMSF can purchase from a member is business real property. The property must be used wholly and exclusively in one or more businesses, but this condition can be met if a specific part of the property where the business is carried on contains a residential dwelling.

Key take-out: If a holiday unit does qualify as business real property, transferring it into an SMSF would be classed as a sale and subject to capital gains tax.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles