I am looking at purchasing an Industrial property, my question is would I be better off if I purchase it in a trust, or should I purchase under the name of my business (partnership) for GST purposes?
Really does depend upon your circumstances and its intended use.
Hi Gozoo,
take professional advice. My initial reaction: buy the property through a trust, and your business can lease it from the trust; but Yorker has it right. E.g. is the property valuable enough for this setup, do you plan to buy more, etc!
TerryTerence McMahon
HomeWin
FinanceTrusts are very effective business structures, however they do come at a cost. Make sure its implementation will actually enhance your deal i.e increase your level of asset protection.
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