What is the most effective way to set up group ownership of property for superannuation/investment purposes. We have 3 couples interested in developing an investment properties portfolio, all of whom are in the highest tax brackets. Do we set up a Trust, Partnership, Company???
All suggestions gratefully received!I would suggest yo uexamine a trust.
Best to see an accountant specialising in this area. I can recommend one in Sydney if you email me. I get no kickback from him.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Every partnership I deal with of more than 2 Directors or partners I find that sooner or later they have disagreements about which direction to take, usually resulting in a breakdown in the company or partnership.
Make sure you all want to go in the same direction.
That said, I would consider a Partnership of trusts. This way you could make a group decision while keeping each individual investment seperate.
Not my area of speciality though as I like to keep away from large groups for reasons stated above.
Good luck
CATA
Asset Protection Specialist
[email protected]hi DBlackB
post what state your in.
If sydney I can give you a couple of accountants that can organise trust to do what you require.
you will need a unit trust with multiple trusts under.
This is not uncommon and gives flexibility for separate trusts investing in separate projects.
work with speciatist accountants for this field.here to help
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