Hi guys, i need some advise, i am currently a property trader,but i want to buy some properties for investment.
Talking to accountants i was told if i do that, my properies will become tainted.
I was wondering what would be the best structure to hold the investment properties under, for example a family trust, or trading trust, so the relationship test does not apply.
I wonder why i cannot be a property trader for some properties and investment property for others, as it is easy to distinguish what property makes a good long term investment and what property makes a good trade.
I was thinking if hold my investment properties under one company and the trading ones under my legal name,without being tainted, but please if anyone has some experience,will be really appreciated,thanks very much.
Talking to accountants i was told if i do that, my properies will become tainted.
I was wondering what would be the best structure to hold the investment properties under, for example a family trust, or trading trust, so the relationship test does not apply.
I wonder why i cannot be a property trader for some properties and investment property for others, as it is easy to distinguish what property makes a good long term investment and what property makes a good trade.
I was thinking if hold my investment properties under one company and the trading ones under my legal name,without being tainted, but please if anyone has some experience,will be really appreciated,thanks very much.
Comment