Craig Day
CRAIG DAY warns there are a number of issues trustees need to consider before transferring a business real property as an in-specie contribution to a SMSF.
Clients looking to take advantage of the $1 million super opportunity before June 30, 2007, by transferring a business real property as an in-specie contribution, should proceed with caution.
There are a number of issues trustees should take into consideration prior to transferring such assets to their fund.
The SIS investment rules
The superannuation industry s