SMSF Property Rules

Stamp Duty

Stamp duty is payable when registering a Bare Trust. Set out below is a summary of the likely stamp duty amounts payable:

  • Victoria– Nil
  • New South Wales– $50
  • Queensland– Nil
  • Tasmania– $20
  • Australian Capital Territory– $200
  • South Australia– Nil
  • Western Australia– Nil
  • Northern Territory– $20

 

 

SMSF regulations when acquiring property

 

The ATO is concerned about Trustees not following the rules when purchasing property in a SMSF. A SMSF can’t purchase residential property from a related party, even when using a unit trust. For more details see the Taxpayer Alert TA 2012/7.

Trustees should be aware of property promoters trying to use your Super for purchasing property. Make sure setting up a SMSF is right for you. Good advice is available from www.moneysmart.gov.au

For a Q&A on property examples in an SMSF, follow this link to the ATO guidance document:

SMSFR2009/1

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