Forum Replies Created
companies have a full threshold. trusts have no threshold..
But for $7k I wouldnt worry, We pay over $130k a year on our 12 props.
Shouldnt the question be aimed at yourself, (Rhetorically) What knowledge, experience do you have of those 3? I love cars but I dont know anything about the car business.
Go work with someone who owns these business, make your mistakes in someone elses business, then when you are prepared to bet your life on it, jump into business then.
Where are they located, Often the reason they are cheap is that they are in a “dying” town rather than a thriving town.
There are many legal and illegal ways of reducing land tax. I dont feel its right to mention the illegal ways on a forum.
best legal way is to never own joint name investment properties. My wife, my self and two arms length companies each have the $352k threshold on our props before we pay land tax at 1.7%
If the prop was owned in joint names our “partnership” would only have one threshold of $352k
If you are a “lower end” investor Ie hundreds of $K rather than $millions, It may pay to restrict your portfolio to Home Units which have a very low UCV compared to Housing (per dollar of rent recd)
If you are a high end investor buy large scale Developments as the land tax is paid for by the tenants (other than 1st $352k) or reduces the purchase price according to the capitalization of net returns.
If you love broad acre developments (like me) you just shut up and pay the bills until I get my primary production Business plan in order.
By the way, did anyone else notice that this year you can only pay a max of $2k on credit card on you land tax, In the past it was $2k per day.
