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  • Profile photo of leading-tax-expertsleading-tax-experts
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    @ltetax
    Join Date: 2025
    Post Count: 0

    Hi Shannon,

    If you’re looking to take your property development to the next level, having an accountant who specialises in property development is key. The right advisor can help you maximise profits, reduce tax, and suggest effective business structures tailored to your goals.

    At Leading Tax Experts, we focus on understanding your investments and planning strategies that work for your specific situation. Preparing details about your current projects and future plans will make it easier to get the most value from your accountant.

    leading-tax-experts | Leading Tax Experts
    https://www.ltetax.com/
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    Your Trusted Partner in Expert Tax & Business Solutions

    Profile photo of leading-tax-expertsleading-tax-experts
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    @ltetax
    Join Date: 2025
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    US property tax returns really do cost a fortune compared to local ones. $2,100 just for setup + $1,300 yearly is steep, especially for a single condo. Sounds like some people have managed to get it done for around $500 after the first year — much more reasonable!

    Interesting tip about using a family trust to own the LLC. Could be handy for splitting income and making use of the $18,200 tax-free threshold for adult beneficiaries.

    The financing strategy in the US also makes sense if you want to grow your portfolio — but I guess with international tax rules, you’ve got to expect higher fees and complexity.

    if you’re only doing one property, the costs might sting. But finding the right accountant, possibly working remotely, could save you a lot in the long run.

    leading-tax-experts | Leading Tax Experts
    https://www.ltetax.com/
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    Your Trusted Partner in Expert Tax & Business Solutions

    Profile photo of leading-tax-expertsleading-tax-experts
    Participant
    @ltetax
    Join Date: 2025
    Post Count: 0

    when it comes to choosing a property tax accountant in Melbourne, look for someone who genuinely understands the nuances of investment property tax law and asset structuring. Experience with things like negative gearing, CGT, and trust structures is a big plus. It’s also helpful if they’ve worked with a range of investor types — from first-time buyers to those with large portfolios. Asking whether they personally invest in property can give insight into how practical their advice might be. If you ever need a second opinion or want to chat through your options, feel free to reach out to our team at LTE Tax.

    leading-tax-experts | Leading Tax Experts
    https://www.ltetax.com/
    Email Me | Phone Me

    Your Trusted Partner in Expert Tax & Business Solutions

    Profile photo of leading-tax-expertsleading-tax-experts
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    @ltetax
    Join Date: 2025
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    This is a great real-world example of how the main residence exemption and the 6-year rule can impact retirees. What often gets missed is that even if the property wasn’t lived in, the intention and timing around its use can sometimes play a role in partial exemptions. Definitely a case where professional CGT advice is crucial — especially if the gain might push her into a higher tax bracket or affect pension entitlements

    leading-tax-experts | Leading Tax Experts
    https://www.ltetax.com/
    Email Me | Phone Me

    Your Trusted Partner in Expert Tax & Business Solutions

    Profile photo of leading-tax-expertsleading-tax-experts
    Participant
    @ltetax
    Join Date: 2025
    Post Count: 0

    Interesting opportunity, but for anyone considering a JV like this, there are a few key points to think through before jumping in.

    What to Look at Before Partnering:
    Clear Legal Structure:
    Make sure the JV is backed by a formal agreement — not just a handshake. Define roles (investor vs active partner), profit splits, exit clauses, and who’s responsible for what. Use a solicitor with property JV experience.
    Due Diligence on the Deal:
    If you’re funding or co-signing finance, ask for detailed numbers: projected rental yield, property condition, suburb growth data, and an exit strategy. Positive cash flow is great, but verify assumptions with independent data.
    Finance Responsibilities:
    If you’re offering to co-sign or contribute serviceability, understand the impact on your credit file, borrowing capacity, and liability if the project underperforms.
    Experience of the Active Partner:
    What’s their track record with similar deals? Do they have a network (agents, PMs, tradies)? JV success often comes down to trust + execution.
    Location Insight – VIC Regional Cashflow:
    Regional areas can deliver solid returns, but vacancy risk and growth volatility are higher. Look for towns with diversified employment and infrastructure investment.

    Pro tip: Even if it’s a small deal, always treat it like a business. A well-structured JV can work brilliantly — but only when expectations and legalities are crystal clear from day one.

    Anyone here had a successful (or failed) JV in regional Victoria? Would be great to hear lessons learned.

    leading-tax-experts | Leading Tax Experts
    https://www.ltetax.com/
    Email Me | Phone Me

    Your Trusted Partner in Expert Tax & Business Solutions

Viewing 5 posts - 1 through 5 (of 5 total)