A few years ago, we had a client who had a commercial property outside of Super worth about a million dollar value. He is shifting into retirement and he wanted to move more money and assets into Super. So, he transferred that million-dollar property to Super. He wasn’t an owner-occupier, but he received rent for a few years at 0% tax because he was in pension mode.
Within 2 to 3 years, he received an offer to buy that property for $1.3 million. And because he was retired, he paid no tax on the gains. So, he got a $300K gain at the 0% tax because he bought it for about 1 million, and sold it for 1.3 million – a great outcome for him.
Watch the full webinar, ‘Become an SMSF millionaire’ at https://learning.benwalker.com/courses/SMSFmillionaireweb
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