Hi everyone,

I am new to this site and am trying to get some thoughts/ideas on a couple of things for a friend.

My friend bought a unit to live in about ten years ago, then after 4 years decided to move but keep the unit as an investment. She is now at a point where the original mortgage is almost paid off and is thinking about buying another investment property.

Should she set up a company or trust at this point and transfer ownership of the first property into the company/trust or can she just buy another property in her own name? What are the tax/legal implications?

Thanks in advance