Ann: Tesserent enters into Scheme Implementation Deed with Thales, page-180

you are allowed to move assets into your smsf as long as it’s done at market value. You are also allowed to minimise tax (although not evade). The test in these things is generally whether there is a reason other than avoiding tax, for doing it and no doubt they have a handy reason ready.

Whats got me puzzled is how he can do it at all at that level. There are strict rules about how much you can put into your smsf in a year. Under the brought forward rules, that’s 3 x 110,000 and even if it had 6 members and all of them were exercising the right, that’s a maximum of $1,980,000.

91,708,122 x.056 is millions over that. There must be something I don’t understand about the way it is set up! I guess you can do it, but you pay 47% tax on the excess contributions. Maybe it’s still worth it as then only 15% is paid on the eventual gain. Too hard!