klublok replied to the topic Property in a company name in the forum Legal & Accounting 15 years, 7 months ago
Whatever you do, DO NOT buy properties in a company. As mentioned earlier, from a tax perspective there is no CGT discount for a company for selling assets. Further there is no protection for your property either.
Presumably you will be one of the shareholder of that company, which means that should you go bankrupt, your creditors can seize your…[Read more]
klublok replied to the topic Business Structure in Trust in the forum Legal & Accounting 15 years, 7 months ago
Don’t forget if your overall net wealth (excluding super and your home) is under $6M you can get access to the small business concessions for CGT. If that is the case then there should be VERY little CGT on this restructure.
In relation to the actual holding entitles – I think it is best if you have a DT holding your shares. This way you do not…[Read more]