need some property ideas, page-65

  1. 17,117 Posts.
    lord elpus, you are correct........I was thinking more in terms of myself, in that I cannot transfer my residential property into my superfund, but I can transfer my commercial property..........silly of me trying to be too concise ............and not reading my post before sending it......had just been reading TA 2008/5 recently.....taxpayer alerts regarding super funds, and specifically these new borrowing arrangements and related parties.......
    I believe if the superfund buys the prop outright there is no problem.........its a problem when people are trying to transfer their investment or homes into superfunds.........which is probably the more common attitude/problem
    ps just been thru my first ever audit of an auditor.......came thru with flying colours, but will not audit a superfund again.....ever.....pitfalls for even the most honest, and the paperwork involved outweighs any fees one could recover
    cheers
 
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