Hi there everyone!
I’m about to purchase an investment property in Frankston North for approximately $380k and would like to know if I’d be better off buying the property through my company. I have my reasons for doing considering this avenue but what I would like to know is whether the major banks will lend to my company. I have a 20% deposit and no problems with regard to serviceability. What is the process for buying through my company? Is it relatively straightforward or will it create extra problems?
Many thanks
Kacy
Impossible to answer these sorts of ‘should i’ questions.
It is easy and straight forward to do but have you considered:
1. asset protection – does the company trade?
2. succession
3. land tax
4. income tax
5. capital gains tax
6. structure of the company – who is the director and who are the shareholders.
7. asset protection on shareholder lever
etcTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Kacy
As Terry has mentioned.
In addition from a financing perspective you need to bear in mind that not every lender will offer discounts on its rates or fees when purchasing thru a Company entity so choice of lender can end up saving you a decent amount.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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