The following is real life example of a client of ours:

Purchased an investment property in 1992 for $180,000

Sold the same investment property in 2007 for $1,100,000

Profit on sale was $920,000

What was the capital gains tax liability as a result of this transaction?

$0

The reason for this was that the property was purchased and sold with in their Self Managed Superannuation Fund (SMSF).

Had the same transaction occurred in the actual names of the two members rather than their SMSF the liability would have roughly been?

$174,600

Refer to 295 F Income Tax Assessment Act (ITAA 1997).

Please note that permission was granted by our client to disclose the above.