Hi I am an investor and I made the mistake (I think) of buying properties in my own name. I don’t want to make the same mistake, so I am looking for any opinions on what structures to set up prior to purchasing my next property.
Also if I set up an entity to purchase the property, can I offset any losses against my income earnt from my employer, or from my current rental properties which is in my personal name?
Cheers in advance for your opinions [biggrin]
Do a search on the forum for hybrid trusts. They’re unitised discretionary trusts and allow for the negative gearing of trust property against an individual’s income.
The properties in your own name should already be able to be negatively geared against your other income.
GP
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