Stamp duty is payable when registering a Bare Trust. Below is a summary of the amount of stamp duty you’re likely to pay:
- Victoria– Nil
- New South Wales– $50
- Queensland– Nil
- Tasmania– $20
- Australian Capital Territory– $200
- South Australia– Nil
- Western Australia– Nil
- Northern Territory– $20
SMSF regulations when acquiring property
The ATO has strict rules on purchasing property in an SMSF. An SMSF cannot purchase residential property from a related party, even when using a unit trust. For more details, see the Taxpayer Alert TA 2012/7.
Trustees should be aware that some property promoters might try to use your Super to purchase property. Make sure that setting up an SMSF is right for you. Good advice is available from www.moneysmart.gov.au
For a Q&A on property examples in an SMSF, follow this link to the ATO guidance document:SMSFR2009/1 SMSFR2012/1
Please note our understanding is that if the SMSF acquires a property, it needs to notify the State Revenue Office within one month of acquiring the property. Rules may differ in each state. I have included Victoria and NSW State Revenue Office information pages for your reference:Victoria NSW
For more details on property investment in an SMSF, please see this page.