Question: I have been told that I can transfer my residential property into my self-managed superfund by a super consultant. I believe this to be incorrect from mail that I have read in Switzer over the years. I know it is possible with commercial property but just want to clarify that you cannot transfer residential rental property, currently held in your own name, to your self-managed fund.
Answer (By Paul Rickard): Fire your super consultant and get a new one.
He/she is incorrect – you cannot do this.
Here is a link to the ATO website on acquiring assets from related parties: https://www.ato.gov.au/super/self-managed-super-funds/investing/restrictions-on-investments/acquiring-assets-from-related-parties/
If you want to go further, you can find the formal tax ruling here [1].
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