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Jean Rey

Nov 22, 2021

Stamp Duty on Bare Trust

in SMSF Technical Forum

Hi SMSFAAA team,

I am sorry in advance if you feel this question is not relevant but I am struggling understanding when a bare trust deed needs to be stamped.

1. Does it depend on where the purchased property is located or on where the trust deed was established? In other words, does a fund established in NSW and purchasing a property in QLD needs to have the bare trust deed stamped?

2. If a bare trust deed was not stamped when the property was purchased, can we just get the trustee to get the bare trust stamped asap before finalising the audit? Would it be sufficient to pass the audit?

From my understanding , the trust deed does not need to be stamped to be valid it just needs to be stamped if the SMSF wants to transfer the property (eg sell) or change the trustee.

Please let me know at your earliest convenience.

Yours Sincerely

Jean Rey

4 answers0 replies

Comments (4)

Jean Rey

Nov 23, 2021

Thank you for your precious help.