The situation:
- Developing a long term hold - I have a property
23 results in 0.0030 seconds.
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Best structures for long terms Holds and Trading inbetween
Hi all, I have got professional accountant opinions and few from friends on this. Each one is slightly different, so wanted to get a forum opinion to add to the mix and pick one from the rabbits hat. Situation is as follows:
The situation: -
Investment property - Company vs Trust vs Holding in your name
I'm a bit confused about what tends to be the best option when buying your first investment property?
1)Do I understand correctly that by holding the investment in a LTC (or Ltd Company), the tax you pay on rental income caps off at 28% as opposed to 33%?
2) If above is true,... -
Rules around 'tainting'
Hi, I have a question about structure of ownership.
Let's say you have a company that owns 2 rental properties and will own them for 10+ years.
If the same company buys another rental property with the intention to hold on to it for at least 5 years, but then after 1 year gets an excellent... -
trust/ occupation right agreement
can a trust buy an apartment in a retirement village - the one I am looking at says that the ORA has to be in the name of the person occupying the unit. TIA -
financial structure LTC vs Trust vs Company
hi there,
We are in the process of setting up our financial structure to start investing in rental properties. We've had discussions with several Accountants, all of them advising another strategy: one advised a trust, one a LTC and another one a Company.
This got my quite confused....... -
Can you give a different name on the S&P?
Hi, if I am wanting to make an offer on a house, but let's just say my last name is weird and could be prejudiced against, could you put a different last name and then write OR NOMINEE, on the S&P? Or a trust that doesn't exist + OR NOMINEE?
Sorry I'm just asking for pure curiosity.... -
Trusts & Depreciation Claw Back
A house is sold by a Trust and the sale involves a depreciation claw back of $18k.
What's the best way to deal with this sort of situation? Offset against beneficiaries distributions?
Something else? -
Trust Payout Taxable?
Hi
Mum's house is in family Trust.
Mum dies
Trust sells house
Splits money 4 ways to 4 children.
Trust closes
Does that money get taxed?
If yes when...Trust pays tax or each child pays individual tax on their payout?
Thanks
Richard -
New Trust or keep LTC
Currently have an LTC which if shares are sold to a new trust will give us a savings of around $4k pa as well as asset protection . Move personal freehold house to Trust, as might as well utilize the Trust. So single easily entity and easily managed. Plan is to buy more IP's.
The setup... -
LTC and Trust
I am looking at ways to structure my affairs so that it is beneficial to my family of 4 . Wife and I are in 30 and 33% tax brackets with a UNI/high school attending children
I have approached my CA who suggested I sell my shares to a Trust but unsure which entity should I use if I purchase... -
Renting out my home for a year. Should I put it in a trust?
First time landlord here. Interested to get some additional advice on what is needed to ensure that I can deduct mortgage interest from rental income.
Just over a year ago, I bought my first home in Wellington and have been living there since. Recently though I got contracts up north... -
Trust v Private Ownership
I own half of a residential property with an ex partner and, since selling our business in April this year, neither of us have found subsequent employment. The proprty is rented which just about covers the mortgage.
A friend advised me to get my trust to purchase my ex's share - my trust... -
Family trust and mortgage security
I have a family trust with 20% deposit which I am using to buy a property. The trust will own the property but won't have anything else in it. I am taking out a mortgage and will be make the repayments myself.
The bank has told me that they need my fellow trustees (family members) to be... -
House under a company name moved to family trust- question about tax
We bought a house under a limited company name but we had to move in and are going to transfer it to the family trust. What do we have to do in order to avoid being taxed if we sell it in the future?
Thank you -
Trust - gifting
For the purpose of delaying putting my house into a Trust, and yet to start gifting, could I gift money to the Trust and then take loans from the Trust, so that I am in debt to it. I can repay the debt by selling my house to the Trust, when I want to transfer the house into it. I would...
