Hi Everyone,
What is the best way to structure things to allow 'do-up and sell' as well as 'buy and hold' activity and avoid being labelled a Trader for all activity?
Is it enough to have two companies, an LAQC for buy and hold and a normal one for trading, with sole ownership of one by the husband and the other by the wife.
Do the 'related parties' rules come in to play?
What about the relationship property act?
I know the real answer is 'ask your accountant/lawyer', but I'd be interested in your ideas first.
Happy trading
cube
What is the best way to structure things to allow 'do-up and sell' as well as 'buy and hold' activity and avoid being labelled a Trader for all activity?
Is it enough to have two companies, an LAQC for buy and hold and a normal one for trading, with sole ownership of one by the husband and the other by the wife.
Do the 'related parties' rules come in to play?
What about the relationship property act?
I know the real answer is 'ask your accountant/lawyer', but I'd be interested in your ideas first.
Happy trading
cube
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