Commercial Property Transfer
Case Study 2
Sue and Bill held a commercial property in their own names which was valued at about $880,000 at the time we were assisting with their complex strategy.
Alliance detailed and implemented a strategy for Sue and Bill which enabled them to transfer the commercial property to their superannuation fund prior to the introduction of the significantly reduced contribution limits. The commercial property was subsequently sold for over $1.7M which attracted no capital gains tax as both members were in pension phase. The strategy also included segregated pensions allowing further flexibility and possible future tax savings depending on their level of drawings over the years to come.
In addition, Sue and Bill will save many thousands of dollars each year in personal income tax as the income from the commercial property proceeds is now within the tax free superannuation environment instead of their personal names.
