Land Tax - I note in passing that you are probably in Victoria or Western Australia. Both have a progressive land tax system - the more you have the higher the rate you pay. Therefore, it is worthwhile to move the assets out of mum and dad's names into a company as trustee. There is no transfer duty or Capital Gains Tax if Brett Davies Lawyers attends to the transfer for your Self Managed Super Fund.
Brett Davies Brett@taxlawyers.com.au Brett Davies Lawyers, 201 Adelaide Terrace, Perth WA 6000Direct (08) 9325 8033 Mobile 0419 980 972 General (08) 9325 7999 Fax (08) 9325 5999
Note: Reference only for further investigation. This is not an endorsement.
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