All Topics / Value Adding / Purchase on behalf of business

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  • Profile photo of wwsurveywwsurvey
    Member
    @wwsurvey
    Join Date: 2004
    Post Count: 23

    Hi all,

    Has anyone out there purchased a residential house and rented it back to their own business?

    I am probably going to purchase this in my wifes name and charge myself slightly above market rent to get it close as I can to neutral if not positive.

    Just wondering from people who have done this to buy property what to look out for etc etc. I’m in NSW

    cheers[cap]

    GQ
    http://www.landsurveyor.net.au

    Profile photo of byronent_2byronent_2
    Participant
    @byronent_2
    Join Date: 2004
    Post Count: 337

    Speak to your accountant.

    I rent rooms out to the business.

    The wife and kids have to live somewhere so I have been advised to rent out a few rooms etc and it all is above board.

    Byronent
    Adelaide SA

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