Peter G
There are only better tax advantages for individuals if you are negative gearing!! Sooner or later those properties will become positive, and then there are NO tax advantages.
Although you can still use trusts for negative gearing. A newer ‘type’ of trust is a Hybrid Discretionary Trust, and in this you can take advantage of negative gearing, but can also take advantage of the discretionary distribution of income once the property/ies become positive.
Check out the manuals I mentioned, and they will tell you how it all works.
Cheers
MelPeter G,
Any IP you hold for more than 1 year you can get the 50% CGT exemption on – will any of your IP’s fall into this category and hence able to be sold to help you to keep the family home by the time you’ve increased debts for construction projects? [?] One that is currently negatively geared but with good equity would be a good start.
It seems as though you’ve been very active which is great, just make sure you have a good accountant and broker on board looking at all your proposals and current arrangements in detail to keep the strategy prosperous and not overextend.
[
]
Mel
[email protected]
]You must be logged in to reply to this topic. If you don't have an account, you can register here.
