I bought crowdfunding shares using my SMSF. They are not ASX listed but shares are registered on Boardroom (Investor serve). Can i ""off market share transfer"" from SMSF to me as a pension payment?
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I want to close my smsf and rollover into an industry funds, I can sell my asx shares and convert into cash
- how cam i rollover or get rid of these non asx crowdfunded shares?
Establish the current fair value, then buy them from the fund for that amount.
If you have passed a condition of release, the shares could be transferred to you as an in-specie lump sum benefit.
You should consult your accountant/advisor before doing this, so that:
1. You can be sure that you are allowed to do it
2. Proper documentation is prepared.
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I bought crowdfunding shares using my SMSF. They are not ASX listed but shares are registered on Boardroom (Investor serve). Can i ""off market share transfer"" from SMSF to me as a pension payment?
No - pensions must be paid in cash.
Oh - I want to close my smsf and rollover into an industry funds, I can sell my asx shares and convert into cash - how cam i rollover or get rid of these non asx crowdfunded shares?
I want to close my smsf and rollover into an industry funds, I can sell my asx shares and convert into cash
- how cam i rollover or get rid of these non asx crowdfunded shares?
Establish the current fair value, then buy them from the fund for that amount.
If you have passed a condition of release, the shares could be transferred to you as an in-specie lump sum benefit.
You should consult your accountant/advisor before doing this, so that:
1. You can be sure that you are allowed to do it
2. Proper documentation is prepared.
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