How do I transfer stock from a sole trader to a company without any monetary exchange?

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 · Accepted Answer

TonyATO · Answer

Hi there There is no issue with transferring stock to the company without exchanging money, assuming there is no consideration for the supply. That is you don't receive anything in return for transferring the stock. Just know that you may need to make adjustments (https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/in-detail/managing-gst-in-your-business/ceasing-business/adjusting-for-assets-retained-after-cancelling-gst-registration) to any GST and deductions you have previously claimed for the stock.

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