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Hi just need some advice
I have a few PI which are currently under my name only
I am currently looking to buy a couple more IP’s
Is it better to open a trust to buy new properties and then slowly add ALL other PI’s in to trust acc??
OR put new IP’s in to the wifes name and myself
I know I will have to pay Stamp duty BUT will i also have to pay Capital Gains Tax????Thanks in advance for all advice
For transfer of the other properties into the trust – yes, CGT will be payable.
Why don’t you just let the trust use the equity in your properties to borrow to fund itself? This is one case where cross collateralisation is OK.
Cheers
Mel
Viewing 2 posts - 1 through 2 (of 2 total)
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