Concessional Transfers of Business Real Property

Currently there are a number of States which offer concessional duty on transfers of business real property from a member into their SMSF including NSW (s62A), WA (s122) and VIC (s41).  Each of the States has variations on their requirements.  Transfers of property (owned in the personal name/s of members of a super fund) into the fund will attract only nominal duty provided that each member’s interest in the property is quarantined strictly only for the benefit of that member inside the fund and all other requirements of the relevant Duties Act are met.

Our associates TOWNSENDS BUSINESS & CORPORATE LAWYERS have developed tailored documentation suitable for transfers under the relevant Duties Act to assist an SMSF to apply for the concessional stamp duty as available in the above States. For information or to make an order please go to www.supercentral.com.au – e-Forms listing under the heading SMSF Acquiring Property with Stamp Duty Concession.  For further assistance please call (02) 8296 6266.