Whilst I will seek further info from my accountant, I was wondering if there was any advice, comments, experiences, etc on whether to keep my investments under my own name or to start a business and transfer the properties over.
The other consideration was to set up a family trust.
Any thoughts?
a business is not a separate legal entity, so they cannot own property. The only options for owning property are via a personal name or a company, or either as trustee for a trust.
A Trust is well worth looking at.
Transfering properties over to a company or trust will result in stamp duty, and possibly CGT.
Terryw
Discover Home Loans
Parramatta
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