I have a chance to do a residential subdivision and hope to make lotsa.
how do I reduce my tax ?
would a company or trust be any good to me, or should I just go down the capital gain road.
any advise would be appreciated TIA.
my view on the benefits of negative gearing
it's worked for me, i now have several i.p.'s
eg:-
personal income 40,000 taxable
8,980 tax
31,020 net to live on
with a i.p. costing 160,000 ( in my area ) with you own home...
I'm hoping to make a few hundred thousand, capital gain, from a subdivision.
Is forming a company the best way to reduce the amount of tax.
All suggestions welcome.