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  1. W

    Buying IP's in a Company name

    Reply: 2.1.1.2.1.1.1.1.1 From: Waverly Bay Hi kevin Companies can claim tax depreciation. And yes, the dividend is franked if tax is paid on the profits from which the dividend is paid. Here's a numerical example: Rent income derived by Company: $100 Tax depreciation : (100) Taxable...
  2. W

    Buying IP's in a Company name

    Reply: 2.1.1.2.1.1.1 From: Waverly Bay One more point for those interested... By holding a property in a company as opposed to a discretionary trust, a taxpayer not only loses out on the CGT discount .. . . .. but also the opportunity to claim the non-cash deductions (eg: depreciation)...
  3. W

    Buying IP's in a Company name

    Reply: 2.1.1.1.1.1.1.2 From: Waverly Bay Miakat - this is the position in NSW -- but it may not be the case in other States. A common way to minimise land tax in trust holdings is to set up multiple trusts (ie different Corporate trustees) to hold the IPs... which will allow the taxpayer to...
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