Tax implications

We bought BHP at $37 and Fortescue at $7.50 during the GFC. We wish to transfer these stocks in to our SMSF. Should we sell them to the fund at the original buy price?

What tax implications would we have seeing we are still in an accumulation mode and still running a small business as a partnership?

A: Thanks for the question.
By law, you are required to do it a market price. This will leave you (personally) with a capital loss, that can only be used as an offset to a capital gain.
Regards,

Paul


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