CrisParticipant@cristineyangJoin Date: 2016Post Count: 10
I am new to the lease Option deal and would like to work with experienced lawyers in the lease option field who can give me practical legal advice related to the lease options and the tax ? as I heard about there are ways to structure a lease option deal so that it can in its best case minimize the Capital gain tax? Any good tax accountant who is experienced in this field please also connect with me and i would like to work with you too.
Pls email me at [email protected]
or directly leave your contacts here, thank you
CrisCrisParticipant@cristineyangJoin Date: 2016Post Count: 10
thanks a lot for your information. so u will b able to assist me in Tax then in the area of lease option? for example how am i going to structure the deal in the best way to avoid a big tax bill within the law ? or should i form a trust or any legal entities to these deal instead… will you be able to help me on those? R u based in Melbourne?
I could help on the structure and tax side, but I don’t practice property law so cannot really assist in that area, but I know a bit. I am also conducted some lease options myself in the past – but would not do again. I am sydney based.Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069JBevParticipant@jbevJoin Date: 2013Post Count: 1
I noticed you said you wouldn’t do another lease-option. Could you expand on your experience and the issues?
The trouble is the transaction costs. The stamp duty etc and then more costs when they cash you out.
Also there are also many legal and tax complications.DeanneParticipant@deannedJoin Date: 2016Post Count: 7
Hi Cris, I also recommend Lewis O’Brien.
E: [email protected]
P: (03) 9888 6388
Many people don’t use Lease Options in VIC because Stamp Duty is payable upfront on the Option as well as when the Tenant/Buyer purchases the property. So a double-dip.
Cheers.daniel vicParticipant@daniel-vicJoin Date: 2013Post Count: 120
How about instalment contract is there stil two lots of stamp ?
What do you mean by two lots?
You would have to pay stamp duty on your purchase and the person you sell it to would have to pay stamp duty as well, so that would be 2 lots.