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  1. #1

    Default Ring Fencing - Two IP but one Additional Owner

    Hi,

    I am in a situation were we have two investment properties but the owners of one property are A (50%) and B (50%). But the owners of the second property are A (1/3), B (1/3) and C (1/3).

    What are the options of ring fencing to consider the two properties as a single portfolio? I am interested form the perspectives of owners A and B.

    Thanks,

    Ash

  2. #2
    Join Date
    May 2007
    Location
    Hamilton
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    Default

    Get some expert advice!

    It depends on who owns the two properties. If just a partnership of A and B, then half the property profit or loss will flow to A for example, they might get $5,000 profit as A's share.

    Then A will get 1/3 of new property. So if it made a 3k loss, A would get 1k loss.

    If A is on the portfolio option, then 5k profit would be offset by 1k loss, taxed on 4k overall profit.


    If normal company, Trust or other entities involved, it would give different outcomes
    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.


 

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