will Change % of existing shareholders in LTC - Trigger 10 year BLT?

[aa_2010]

Hi There,
Need some advices from experts here.
Me and my wife currently own 2 rentals, and both are in the same LTC - sharehoders are me and my wife.
We want to change % of existing shareholders in LTC, e.g. 1% 99% change to 50%. 50%, will it trigger 10 year BLT?

Tha...

[BlueSky]

I read somewhere that the crown may consider transfer of LTC shares/property for genuine reasons like asset protection (if sole trader for example) may be allowed
Currently as it stands, any transfer of shares to selling of property to another entity will trigger Bright line or reset the Bright...

[donna]

Well, we knew it was going to happen - so it was when not if and now we know - it's from this weekend - 5 years is now 10 years for the bright-line test.


But will this change give the Govt what they're looking for?

cheers,

Donna...

[donna]

Well here we go - hold onto your seats investors we're in the line of fire yet again.

This time however, we have at least one journo on our side.

The Gov't clearly feel they're backed into the corner and now it's time to strike out in a way they believe will appeal...

[jack2016]

lets say you bought a section and then traded with another party in a swap, most likely with no money received, but i'm most likely going to have to fork money to the other party as section is most likely to be worth less than a house for example.

all hypothetical of course.

...