hf1842 replied to the topic Developing your own investment properties in the forum Thanks mate. Great 11 years, 4 months ago
Thanks mate. Great suggestions.
hf1842 replied to the topic Developing your own investment properties in the forum Creative Investing 11 years, 4 months ago
Are you sure about it? Based on my accountant advice, just using your example, total cost of development of six units is calculated based on 6/8 of 2 million which is 1.5 million. Total income after selling cost of 100k is 2 million. So the company has made net profit of 500k! which will be taxed.
hf1842 replied to the topic Developing your own investment properties in the forum Creative Investing 11 years, 4 months ago
Thanks wilko1,
I have seen people buying the land in a company name with allocating preference shares to each investor. So after construction is finished, each get their nominated units as you suggested. I guess the only difference here would be two investors will be our family trusts and the rest would be the company who owns 6/8 of shares and…[Read more]