Hi All,
I have been on this site for a few months now and have found it to be incredibly informative. Which is why I am very keen to get some answers/advice on the below question.
I have read a number of experts give advice on sky business and in investment magazines on the pro's and con's of setting up a trust/company or just simply keeping your investment properties in your own name.
I have a PPOR with some significant capital in it and I am keen to continue looking at investing in the near future. Not just buy and hold but to renovate and hold and/or sell.
Can any one help please.
Thanks
Glynn
Don't set up a company unless you are running as a business as there is no CGT relief for companies. Possibly corporate trustee of a trust.
a director of a comopany will normally have to give personal guarantees for borrowings
Look at a discretionary trust
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
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