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section 18 (3) - transfer not in conformity

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ouyann
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ouyann

section 18 (3) - transfer not in conformity

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‎11-05-2020 01:20 PM

Hi, All:

 

If someone could help me, my question is that a property is under a SMSF (Trustee is a corporation), it has not settle yet but will be soon. The sole member (also a sole director of the Trustee) is retired and decided to transfer the property to her personal name and pay the settlement balance by non-super funds (as superfund was dropped too much during COVID-19). Does anybody know the procedure of this transfer?

 

Much appreciate!

Ouyann

 

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