All Topics / Help Needed! / leasing a house under company name

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  • Profile photo of coalstarcoalstar
    Participant
    @coalstar
    Join Date: 2007
    Post Count: 122
    May 13, 2010 - 7:09 am

    just wondering if anyone knows if you can lease a residential property under a company name?

    Profile photo of MITMIT
    Participant
    @millionaire-in-training
    Join Date: 2004
    Post Count: 154
    May 13, 2010 - 7:54 am

    Yes it is possible although you are likely to get `push back' from agents that have not done it before.  I encourage you to ak the question of agents representing houses you are interested in.
    warm regards
    Sue

    MIT | Owen Real Estate
    Email Me

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 13, 2010 - 12:03 pm

    Yes it is possible.

    If it is your company then you need to be careful. There are some legal and tax ramifications.

    The company is not you even if you are the sole director and shareholder. The director has a fiduciary duty to act in the best interests of the company so you would probably need to charge yourself market rent for example. Same from a tax perspective. You may also have FBT issues if the company is providing an employee with accomodation etc.

    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

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