how do you transfer shares, page-4

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    Please be aware of proposed changes as follows from ATO site:

    "Off-market transfers between SMSFs and related parties


    To enhance transparency and strengthen the integrity of the self-managed super funds (SMSF) system, SMSFs which dispose or acquire assets from a related party will need the process to occur through an underlying market. Where an underlying market doesn't exist, the transfer must be made at a price determined by a qualified independent valuer.
    These amendments will apply in cases where an acquisition from a related party is permitted. In many cases, SMSF trustees and investment managers are prohibited from acquiring assets from related parties. However, there are exceptions, such as listed securities, business real property and certain in-house assets acquired at market value.
    Transfers of listed securities will be the transaction most commonly affected by this requirement to use an underlying market. Currently, shares can be transferred to and from a related party off-market without engaging a broker to buy and sell the shares. Under the proposed amendments, listed securities must be sold on and purchased through the market or exchange.
    Any increased transaction costs due to this measure will only be incurred by SMSFs that choose to enter into related-party transactions.
    This is part of the Stronger Super suite of measures that address potential risks and inconsistencies under the current law."

    So one will need to conduct these transfers very soon or you will have to sell and buy on market, this is supposed to come into effect 1 July.

    Costs depend on Broker, comsec is $54.

    Yes you can claim capital loss as it is considered an off market sale at the moment.

    Please follow up with your own broker financial advisor etc.
 
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