Question of the Week – property and super

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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.

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