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Thanks for everyone's comments. I've found some examples from ATO web site regarding the CFC and I will double check with my accountant. I will probably check with another accountant just in case.

Yes, I will be lending the company the deposit. Are there any accountants specialised in this area?

Thanks Terry. The company will only purchase investment properties and receive rental incomes. The company will be set up in Hong Kong. Will you be able to provide further advice on this?

Thanks for the reply. This is what I think, but since I will own 100% of the company, I believe it will become a controlled foreign company (CFC) and I am not sure if this will make any differences.

I am going to set up a company in an overseas country which is not a Listed Country or Section 404 country according to the ATO web site: https://www.ato.gov.au/Individuals/Tax-return/2014/In-detail/Publications/Foreign-income-return-form-guide-2013-14/?page=27#Attachment_A If the only...

Thank you for the comments. We've managed to get the Development Approval from Council last year and part of the DA submission includes a geotechnical report, QS cost estimate, etc. I am going to work with my architect to get the CC at this stage and we are going to sign a lump sum...

Thanks Terry. The land is owned by a company. We've considered some of the items such as death and my family members (who are the owners and directors of the company) has prepared a will just in case. I will reconsider the items in your list.

Terry, here is list of the risks I can see: Overtime due to weather, etc. Over budget (but I hope this is not a major problem as I am going to sign a lump sum contract with the builder). Builder bankrupt? Quality issues (e.g. the material used does not follow what's in the contract).

Shahin, thank you for the reply. We own the land outright and my mortgage broker (who is experienced in multi-unit developments) has done an initial feasibility and cashflow analysis. The results seem ok at the moment and in the worst case my family is able to provide additional funding. We...

I am going to help my family to develop a 7 level 50+ units building (retails + apartments) in Sydney. I've already got the DA from Council and discussed with a mortgage broker who said the financial should be ok. I've a full time job in another industry and I don't have any experience in...

My land tax was around $6500 last year (excludes Property A which is under my own name, other properties are owned by my family trust).

Thanks for the comments and suggestions. :) The other half of my portfolio contains units, villas and apartments in Lidcombe and Penshurst area. The strata is about one week rent for these properties. My strategy is buy and hold and I am just a bit worry about the oversupply in Zetland...

Hi, I am new to this forum and would like some advice on my portfolio. 3 of my properties are high rise apartments in Haymarket and Zetland: Property A - Haymarket Bought in 1992 for 220K Current value around 670K Strata - 1900 per quarter Rent - $670 per week Property B - Haymarket...