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  • Profile photo of Stu1Stu1
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    @stu1
    Join Date: 2012
    Post Count: 2
    November 6, 2012 - 5:56 am

    I think there is different tax treatment – GST – for commercial residential premises depending on whether the majority of occupants stay short term or long term (over 28 days). Check with ATO

    Profile photo of Stu1Stu1
    Member
    @stu1
    Join Date: 2012
    Post Count: 2
    November 6, 2012 - 5:47 am

    There are both legal and financial implications to consider before putting property into companies, trusts and other business entities, as opposed to being owned directly as individuals. On the legal side there are protection and inheritance considerations. On the financial side there are significant taxation implications (both regarding rental income and capital gains on sale). In many cases the timing is crucial. These are complex issues that require specialist legal and accounting advice that suit your circumstances.

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