All Topics / General Property / Commercial property and tax

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  • Profile photo of mikeymikemikeymike
    Member
    @mikeymike
    Join Date: 2004
    Post Count: 2
    March 24, 2004 - 8:23 am

    I know that banks treat investments in commercial property differently to residential, what about the tax department?

    I guess I’ll have to charge GST, how do I handle that? What else do you think I should consider?

    I’ve been thinking about setting up a company and doing all investments through that… any of you gurus tried that? I figure that the company tax rate is 30% (alot better than my personal rate), I’ll be ahead. Am I right?

    Any advice, criticisms or experiences are appreciated.

    Mikey.

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627
    March 26, 2004 - 4:25 pm

    Allot of investors use trusts (and have a company as a benficiary).

    Rgds.
    Lucifer_au

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