Hey I was wondering if someone could explain the advantages of purchasing property as part of a company rather than having it in your own name. Is there anyone there (business etc) that could help me with this?
http://www.allbusiness.com/business-planning/business-structures-corporations/686-1.html
Capital Gains tax is calculated differently so ask your accountant how this works under a company
Ask your accountant if they can set up a shelf companyhttps://www.propertyinvesting.com/forums/property-investing/general-property/4321654
http://www.netlawman.com.au/info/trusts-ins-and-outs-australia.php
http://www.ato.gov.au/content/downloads/mei00182084nat72538.pdf
Advantage = separate legal entity Limited liability.
Disadvantages = no 50% CGT discount, possibly more land tax, high and more complex accounting, Corporations Act laws and ASIC oversight.
Why not look at using a discretionary trust (which also have disadantages, but some sig advantages as well)
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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