Capital gains tax

05 September 2014

Tony Negline

Tony,

Is an in-specie transfer of exchange listed shares from an indvidual to his/her SMSF, subject to Capital Gains Tax, bearing in mind that it is the same beneficiary?

A: Yes, CGT applies; there have been lots of ATO rulings on this issue.

If you can claim your personal super contributions as a tax deduction, then you might be able to eliminate some of the CGT.

Be careful of the various contribution caps.

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Capital gains tax

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"I share market commentary on TV, radio, and on
Switzer Daily, but for Subscribers I tell them
EXACTLY how I’m investing my money, and I hold nothing back!"

Australia's leading newsletter and website for trustees
and members of self-managed super funds