InstantForum.NET v4.1.4MySF Forumshttp://mysf.com.au/members/info@mysf.com.auFri, 10 Sep 2010 08:41:02 GMT20http://mysf.com.au/members/Topic4501-24-1.aspxHello,</P><P>Please follow these steps to record an in-specie contribution:</P><P>1- Create a 'Clearing Bank' bank account for your fund (Cash and Bank Accounts &gt; Manage Bank Acccounts). If you already have one of these set up then please proceed to the next step.</P><P>2- Record a member contribution (Cash and Bank Accounts &gt; Receive Cash &gt; Member contribution) for an amount that is equal to the value of the shares being transferred into the fund. Please ensure that you use one of the Member Contribution accounts under Income and not Equity when recording this transaction. Use the 'Clearing Bank' bank account to receive the funds.</P><P>3- Record a purchase of the shares (Assets &gt; Buy and Manage &gt; Shares) using the Clearing Bank bank account to pay.</P><P>4- At this point you should find that the balance of Clearing Bank is 0.00 and that the Member Contribution account for the relevant member and the new account representing the shares transferred have both increased.</P><P>Please do not hesitate to contact us if you would like any additional information.</P><P>Regards,</P><P>MySFSun, 28 Feb 2010 22:54:09 GMTMySF2http://mysf.com.au/members/Topic4501-24-1.aspxWhat is the correct method of transferring listed shares in specie from private account into SMSF using MySF taking into consideration market value of the share and future CGT.Sat, 27 Feb 2010 19:17:31 GMTgrisspension