Seen three accountants, there not helping!
I need info on structure to use to buy additional rental property.
I have one property under family trust/company.
I’m buying another now.
Q. What structure would best be used for future purchase of properties.
Any info greatly appriciated.[cap]Well a trust, since if you hold a property for more yhan 1yr you get the 15% CGT discount, also you can distribute any income to the lowest taxed person.
Companies don’t get the CGT discount so I would advise aginst them to hold property (but they are good for being the benefactor).
Rgds.
Lucifer_auLucifer_au,
good answer, but did you mean 50% CGT discount? Also, companies would be beneficiaries, not benefactors.Terence McMahon
HomeWin
Financerooti
I have one property under family trust/company.
I’m buying another now.
Q. What structure would best be used for future purchase of properties.
Any info greatly appriciated.Without any more details I would say buy them in your family trust (with corporate trustee). You can buy many in the one trust before you need to set up a new one.
Where are you located?
What are your property goals?
What problem are you having at the moment?CHeers
Leigh K[biggrin]rooti,
Trusts are often recommended as good vehicles – companies rarely are.
It all depends on your financial circumstances & goals however.
Talk to Nick at http://www.strategicwealthmanagement.com.au – he’s an investment structuring expert.
Cheers,
Aceyducey
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