Non-cash Transactions in SMSFs – Know the Limits
Overview
Talk about traps – do the in specie transfer right or be thoroughly embarrassed
In specie transfers of investments in and out of an SMSF can provide a number of real advantages. But on the downside if the transfer is not done correctly the client can end up being trapped with tax and compliance issues.
In this session learn how in specie transfers can be done successfully and the traps that can arise. Learn the strategies that can be used when trustees are faced with accepting assets to the fund or making a transfer to a member or as part of a retirement or death benefit.
Learning Outcomes:
You will find out:
• Whether the fund can accept in specie transfers of assets
• Moving assets out of the fund and the issues the trustees may face
• The traps of valuation of assets and in specie transfers
Suited to:
SMSF administrators, accountants and financial advisers from small to medium practices.
This On Demand includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter’s PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
Course syllabus
3 lessons
- Video – Non-cash Transactions in SMSFs – Know the LimitsVideo
- FeedbackSurvey
- Knowledge QuizTest
Your presenter
Craig StoneSuperConcepts
, General Manager – Quality and Technical Services, SuperConcepts
Craig is a well-known figure in the SMSF community with a long-standing reputation as an Adelaide-based SMSF Specialist. He has recently joined SuperConcepts after a distinguished career with 2 large 2nd-tier accounting firms in senior management positions. Craig is highly sought after in SMSF education and training, and is known for making the complex subjects of superannuation to be understood in a simple manner.