Setting up a comapny to buy investment propery

Viewing 4 posts - 1 through 4 (of 4 total)

Wilko
Member
@wilko
Join Date: 2004
Post Count: 35
May 20, 2004 - 8:34 am
Hi All
this may be a silly question. Also forgive me if it has been covered.
Is there any advantage to buy a property through a company that you might register ie. ABC property solutions? I read something in a previous post about this is a good idea if you do joint ventures. Thoughts anyone?
PS Not sucking up but I have found that most people on this site have very intelligent replies to posts!! It is great to be on a forum where you don’t get ridiculed for making posts that might seem basic to others!!
yack
Member
@yack
Join Date: 2003
Post Count: 1,206
May 20, 2004 - 9:50 am
I have my properties registered in my name for tax purposes. My properties have all started out as negative geared ones and you can offset losses against other income.
Unless your company earns other income you cannot do that as the losses will accumulate over time.
But go seek help from an accountant for proper advice.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
May 20, 2004 - 10:21 am
Generally it is not a good idea to buy appreciating assets in a company.
Have a look into trusts as these are much more flexible.
Terryw
Discover Home Loans
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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paul_s
Member
@paul_s
Join Date: 2004
Post Count: 18
May 29, 2004 - 4:28 pm
note companies do not get the 50% discount on cgt.