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  • Profile photo of zeazea
    Member
    @zea
    Join Date: 2010
    Post Count: 2
    February 2, 2010 - 10:17 pm

    Hi Richard,
                         I dont own any properties this will be my first but my parent have been generous enough to allow to me to use one of their investment properties for equity /LOC.

    Is it better to buy a brand new property for tax purposes (negative gearing). I have spoke to so many accountants & property consultant but the view are very mixed.

    Z

    Profile photo of zeazea
    Member
    @zea
    Join Date: 2010
    Post Count: 2
    February 2, 2010 - 1:58 am

    See I have a similiar question. I am looking purchase my first IP and Im looking to buy a new property to avoid paying so much tax. I do however plan to also build up a portfolio. Should I then look to purchase the first one under my name for benefit of negative gearing and then following properties under a trust name??

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