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    Why it may be a good idea to use a company to own property

    I think we have all just agreed it may be a good idea to use a company to own property in certain situations/circumstances. There is never one right answer, and rarely a perfect solution. Each option gives different benefits, and comes with different limitations. At the end of the day...
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    Why it may be a good idea to use a company to own property

    Certainly would. Say you each draw $25,000 (total of $50,000 for the couple) you will pay about $1,500 each in tax ($3,000) in total. Given that you have already paid ~$15,000 in company tax it is a nice return. But as Terry said - Just watch you residency status. Blacky
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    Why it may be a good idea to use a company to own property

    FernFurn You are asking for specific advice. Sorry - but its just not possible to provide this without a lot more detail on your personal circumstance and goals (oh, and a license to give advice) There are a number of structures which may be suitable. I know - Im not Terry (or...
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    Why it may be a good idea to use a company to own property

    Hobo As Terry said you could run it as a company, with a corporate trustee as the shareholder. Divs could be distributed to the share holders (in a year you choose), then further distributed to individuals who have a low income (ie - a non-working spouse). The divs could even be paid out...
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    Why it may be a good idea to use a company to own property

    In that scenario the benefit would be in the fact that you are able to hold the profits in the company entity - as previously mentioned. However, in most other entities (DT, individual etc) the profits are distributed in the year in which they are generated. Another consideration maybe...
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    Why it may be a good idea to use a company to own property

    It depends. You wont be hit with both Income tax and CGT. Either the property is held as 'stock' and therefore subject to GST and income tax. Or it will be held as an asset and therefore subject to Capital gains. Usually residential property is not subject to GST (but sometimes it is)...
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