JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 12 years ago
Whilst nothing is seemingly divorce proof,would you say that individual or company have the same divorce implications or are they different.
JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 12 years ago
Im fine with most of the situations you state.What is it you talk about the 50% CGT discount..
JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 12 years ago
We are not planning on needing to borrowing any money.What are some of the main reasons that the people you talk of have failed in this set-up.What implications would a 10 man trust set up have on personal borrowing capacity.Cheers.
JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 12 years ago
Thanks very much Terryw.At a guess If we had ten guys all on around 60 thousand gross per year,would a company opened up with the same ten names have much income tax return issues or implications on there personal tax returns.Thanks heaps.
JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 12 years ago
Thanks AK will do.
JimmySprinkles replied to the topic Plan to buy a house with friends together in the forum Legal & Accounting 12 years ago
Terryw wrote:
Consider
– death
– divorce
– bankruptucy
– withdrawing from the investment
– stamp duty
– borrowing ability
– guarantees
– effect on future borrowings for individuals
– land tax
– cgtProbably the most flexible structure is a unit trust with a corporate trustee. But the structure within the structure would depend on your…[Read more]
JimmySprinkles replied to the topic Tenants in Common in the forum Legal & Accounting 12 years ago
Hi guys I've just joined the forum and I have a question.Me and 9 yes 9 other people want to start investing in property in a trust situation.Buying a new property once a year then in a few years twice a year and so on till we are getting 5 a year.If we do this in something like a family trust e.t.c will there be much of a tax issue on…[Read more]