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Buy CP as individual or company?Greenozi [1 Posts] I am going to finalize purchase of an industrial warehouse soon as the new building is near completion. Scott No Mates [3127 Posts] You are more likely to be better off (asset-protection wise) by having the unit owned in a separate entity to the working company, a family trust or other structure would do this. Your company could then lease the property from the other entity, thus ensuring income to pay the loan (although you, or a director of the company may have to guarantor the loan and or lease). As you are purchasing with vacant posession, you may not get the gst exemption as you would if it were a 'going concern' however you should speak to your accountant on how to minimise the time between purchase & recovery of gst paid. There are some concessions for new building purchasers where they are bought off the plan. Tax Calculation - see your accountant to advise. Risk - ownership within the operating company will leave the factory at risk if your company is ever wound up or goes into liquidation. It is probably best to lease it from you or a related trust. Get yourself acquainted with any concessions that you may get for cgt reduction, land tax liability etc through various ownership structures, I am opinionated. Take me at face value, read between the lines. http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent johnchristine375 [3 Posts] If you want to hire an certified home inspector then you can visit http://equityinspection.com/site! you know We provide our Clients the "Information" they need to make an informed decision about the property being inspected in a Clear, Concise, Professional Manner, including Photographs and Cost Estimates! Terryw [11895 Posts] You should probably use a discretionary trust with a company as trustee - to reduce the risk if a tenant sues. This should be a separate trust and company to other business ones. You may also want to consider the tax concessions for small business assets Terryw |
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