Hi I am considering building a property portfolio and I am working out whether to buy them under my personal name or under any of the other available options.
I already have a few rental properties under my personal name and these help keep my employers income tax effective. [biggrin]
Should I buy future ones under a trust, company and trust structure or as super?? – What sort of trust and why?
My strategy is to buy and hold long term and use rental as a source of income.
Looking forward to your responses!!
cheers[suave2]
You should look at trusts. Probably discretionary or hybrid discretionary trusts. If you wish to use a super fund, the fund will have to pay cash for the properties. ie they cannot be mortgaged under a superfund.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hi there!
I’m very much the same situation as “daaussie”, where I already have a few rental properties under my personal name and these help keep with negative gearing of my employers personal income tax, I’m thinking of setting up discretionary or hybrid discretionary trusts. Do you recommend anyone is Sydney metro area? What are the expected costs?
Thank you[cowboy]
Frankic
Frankic,
You could try NickM here:
http://www.strategicwealth.com.au/
Basic setup costs are around the $1100 mark for a trust and $1500 for a trustee company.
GP
You must be logged in to reply to this topic. If you don't have an account, you can register here.
