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Hi Mel,
Thanks for the welcome and your response.
I currently don’t have any assets but I do plan on building some to eventually achieve a positive cash flow.
From what you said, I can form a company/business/trust, buy the assets in the name of the entity. Then I can spend as many pre-tax dollars as I like and write them off as company expenses, then pay tax on what is left. Is this correct?
Another thing I was not sure about is how would one access funds from say, a trust which owns all your properties. Would you pay yourself a wage from the entity? Does this attract income tax?
Thanks for any replies.
Michael
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