domkenn replied to the topic individual income tax and company title rental properties in the forum Legal & Accounting 16 years ago
Scott No Mates wrote:
…. I believe that it is no longer possible to create company title properties (laws were repealed with the Strata Act)….I 'm not 100% sure but I think some Retirement Villages are still built and managed under a Company Title arrangement.
domkenn replied to the topic individual income tax and company title rental properties in the forum Legal & Accounting 16 years ago
thanks for the feedback guys, especially 'crj'. Yes I've got a typical lease with the tenant and I think the lease combined with Section 317 of the 1936 Income Tax Assessment Act pretty much seals it along wth the fact that I haven't found anything anywhere that indicates anything to the contrary. My accountant is not charging much and is from Q…[Read more]