Self Managed Super Funds and GST

Self managed super funds would ordinarily not register for GST, as they are not allowed to run a business. However, in some circumstances, such holders of commercial rental properties, GST registration of the self managed super fund may be required or recommended. You should seek professional advice on this matter. C&P Taxation Services can give you advice as to whether your super fund should register.

Some supplies that are associated with a financial supply may entitle you to a reduced input tax credit for the SMSF. Ordinarily, you could not just register for GST to claim these back. However, if your self managed super fund is already registered, or are registered for another reason, you may be able to claim some of this back. You should seek professional advice on this matter.

For a free consultation on how self managed super funds fit into the GST system, call (02) 9965 7261.