We've had an LTC for a year which bought a commercial property and has all shares allocated to my partner. Circumstances have changed and we now are thinking to transfer 100% ownership to myself. Does anyone know what the implications of this would be?
Also my accountant has said that commercial & residential should not be owned by the same LTC as it makes GST accounting difficult. Is this really the case?
Cheers
Also my accountant has said that commercial & residential should not be owned by the same LTC as it makes GST accounting difficult. Is this really the case?
Cheers
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