All Topics / Legal & Accounting / Pty LTD

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  • Profile photo of johnjojohnjo
    Member
    @johnjo
    Join Date: 2010
    Post Count: 1
    April 27, 2010 - 7:53 am

    Hi Guys,

    I currently have one investment property in QLD and am intending on buying quite a few more over the next two years. My question is should I set up a Pty LTD? And if so why?

    Thanks

    JJ

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 27, 2010 - 8:42 am

    Companies do not receive the 50% CGT discount. So it is generally not recommended that they be used to own assets that appreciate.

    Look at using a discretionary trust.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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