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Hi,
Just wondering if it is possible to buy a property in my company name and lease it myself from the company?
Would this be of benefit to me for tax purposes?
Any comments appreciated…HI LBH,
Two major problems.
First, a company isn’t eligible for the 50% CGT discount.
Second, if the company leases the property to you to live in then the company will pay FBT at 46.5% on the lease.
So, pretty much a no go all round.
Companies are good for running a business or acting as trustees, but not much else.
Hope this helps.
Ross
Plus if someone sues your business then the house is up for grabs as well!!
Viewing 3 posts - 1 through 3 (of 3 total)
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