Q&A: Can you make an in specie transfer of crypto into an SMSF?

Q: Can you make an in-specie transfer of a personally owned crypto holding into an SMSF?

A: Yeah, look, it’s another one that we’re getting a lot lately due to the popularity of crypto. If anyone can explain crypto to me, which I can understand, please feel free to do that.

Look, the answer here, Richard, it’s a no. You can’t currently transfer a crypto asset or holding into your SMSF. You couldn’t do it by way of an in specie contribution, and you couldn’t do it by way of the fund acquiring it from you for cash. The rules are the same.

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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Q&A: Can you make an in specie transfer of crypto into an SMSF?

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