hf1842 replied to the topic Developing your own investment properties in the forum Thanks mate. Great 12 years, 10 months ago
Thanks mate. Great suggestions.
hf1842 replied to the topic Developing your own investment properties in the forum Creative Investing 12 years, 10 months ago
Are you sure about it? Based on my accountant advice, just using your example, total cost of development of six units is calculated based on 6/8 of 2 million which is 1.5 million. Total income after selling cost of 100k is 2 million. So the company has made net profit of 500k! which will be taxed.
hf1842 replied to the topic Developing your own investment properties in the forum Creative Investing 12 years, 10 months ago
Thanks wilko1,
I have seen people buying the land in a company name with allocating preference shares to each investor. So after construction is finished, each get their nominated units as you suggested. I guess the only difference here would be two investors will be our family trusts and the rest would be the company who owns 6/8 of shares and…[Read more]



