Hi all. We are looking at buying our first investment property (and possibly more thereafter) and are looking for a great accountant who specialises in this so as to maximise all our deductions, provide advice etc. Are looking for one wither Brisbane Central (would be preferable) or Northside of Brisbane. Any recommendations would be appreciated.
Regards
Hi both
Cant recommend anyone in Brissie but if you are prepared to look at the Gold Coast certainly can recommend someone.
Drop me a line if you are interested in his details and i can send them over.
I am based in Western Suburbs of Brisbane and have used the same Accountant for the last 14 years.
Only meet up once or twice a year but well worth it.He is an expert on property structures but doesnt unike most Accountants doesnt charge like one.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks Richard but would probably prefer one in Brisbane just for convenience. Do you know of any up here?
Also just as a side note is it best to speak with an accountant before buying an IP other than for affordability purposes. We can definitely afford it but I want an accountant to help with set up (including split in ownership between my wife and myself) to maximise tax benefits etc
Hi both
No sorry i dont know anyone up here i would recommend.
I think it all depends many accountants would know how to structure a loan to save their skin so maybe not necessary as a first port of call. Alos if you are only looking at buying the initial house might be an expensive overkill first up.
Loan structure is probably just as if not more important when it comes to security of your PPOR.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks Richard,
I am ok with the loan structure. I was thinking more about advise on how to structure ownership (e.g might be 75% me 25% wife) to maximise tax benefits, reduce CGT etc and to also provide a model to calculate potential cash flow impacts of properties we are interested in? Or are you suggesting we see the accountant after looking or wanting to purchase a property to discuss these impacts. I guess I would be keen to see what the "gap" is so to speak (if any) and what impacts this will have on cash flow
I know a good one, based at Wynnum which is not really that far to travel a few times a year if you can beat the peak hour traffic
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