All Topics / The Treasure Chest / IP Owner and also tenant

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  • Profile photo of ladybirdladybird
    Participant
    @ladybird
    Join Date: 2003
    Post Count: 61
    September 26, 2003 - 1:11 pm

    I’m brand new to this forum, so I apologise if this has been asked before.

    I currently have a company set up that I use for share trading and am now looking at investment property for the first time. Without going into the reasons why I want to this, from a tax point of view is it possible to buy a property in the company name and then rent it out to myself as tenant (it would not be my principal place of residence). I expect that the ATO would want realistic rent charged, but I would aim for the bottom of the acceptable range to maximise tax deductions.

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702
    September 26, 2003 - 1:25 pm

    Greetings ladybird and welcome to the forum.

    I dont know about reting to yourself however I do know that property swapping is legal and becoming the latest craz as discribed on either Today Tonite or A Current Affair earlier in the week
    Try looking at their web sites under property swapping.

    I hope that is of some help to you?

    Good luck with your ventures.

    Regards Bear

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