Used to have a 'window' to transfer stock, but that is difficult now.
1. Can't go back before the SMSF was set up
2. Can't go back into previous financial year
3. ATO new ruling is that SMSF's generally will record the value of the stock on the day it was physically received, not the date of the off-market transfer.
So that pretty much rules out going back more than a few days, otherwise you'll get killed at the next audit.
ATO doesn't make life much fun do they...
- Forums
- ASX - General
- smsf off market transfer question
Used to have a 'window' to transfer stock, but that is difficult...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)