All Topics / Legal & Accounting / Trust / Company / in my name. Please help

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  • Profile photo of glynntglynnt
    Member
    @glynnt
    Join Date: 2009
    Post Count: 10
    August 4, 2009 - 10:43 am

    Hi All,

    I have been on this site for a few months now and have found it to be incredibly informative. Which is why I am very keen to get some answers/advice on the below question.

    I have read a number of experts give advice on sky business and in investment magazines on the pro's and con's of setting up a trust/company or just simply keeping your investment properties in your own name.

    I have a PPOR with some significant capital in it and I am keen to continue looking at investing in the near future. Not just buy and hold but to renovate and hold and/or sell.

    Can any one help please.

    Thanks

    Glynn

    Profile photo of crjcrj
    Participant
    @crj
    Join Date: 2004
    Post Count: 618
    August 4, 2009 - 12:26 pm

    Don't set up a company unless you are running as a business as there is no CGT relief for companies.  Possibly corporate trustee of a trust.

    a director of a comopany will normally have to give personal guarantees for borrowings

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 5, 2009 - 11:56 am

    Look at a discretionary trust

    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

Viewing 3 posts - 1 through 3 (of 3 total)

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