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  • Profile photo of Martin63Martin63
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    @martin63
    Join Date: 2008
    Post Count: 4
    August 21, 2008 - 7:08 am

    Thanks for the response.

    I assume then that capital gain is vital for the equation to work then. Is it better to buy in areas that are going to give high capital growth and not be so worried about positive cash flow and depreciation? Is it better to buy an IP that is already 5 to 10 years old. If you were in the situation where you had to sell in a flat market, you could actually lose on the deal if you had to deduct  your depreciation claimed, back off  the cost base. That could turn out to be a bit of a shock for some people.

    Profile photo of Martin63Martin63
    Member
    @martin63
    Join Date: 2008
    Post Count: 4
    August 17, 2008 - 5:21 am

    Thanks for the reply imugli.

    We currently operate our business within a family trust structure, and perhaps I should create a new one for property investing to help protect the assets from creditors of the business in the unlikely event that something should go wrong.

    Can you still claim all the deductions in purchasing and running the IP in a trust and do you still get access to the capital gain reduction after 12 months?

    Also does anybody know of a good accountant in eastern suburbs of Melbourne and who do I approach for good borrowing advice

    Thanks

    Martin

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