Search results

how I was thinking about it was that if I DIDN'T get the 50% discount the assessable income would be 82k, and if I did get the discount the assessable would be 41k. i.e. the assessable income difference would be 40k. I'm not including the actual tax payable because that's variable, and doesn't...

I think the project management company was more what I was thinking about. I don't imagine myself doing the building. Though if the development trust is also controlled by me, what is the advantage of filtering 'project management' through the project management company? I would imagine excess...

Yes, the main cost here is the stamp duty on transfer. Say I buy a place for 300k. In 5 years it goes up to 382k. The benefit is about 40k (50% CGT discount v no discount). It'll cost me maybe 10k to transfer the property. Hmm. Alex

Or go broke paying accounting fees, though I imagine I would do most of the work myself. Seriously, though. The main objective is: 1) Make sure I get the CGT discount for as much as I can, hence why having a trust 'hold' the properties until I'm ready to develop them. The cost is that I'll...

Say my plan is to buy old houses, hold them for at least 3-5 years, and redevelop them into duplexes, units, etc. What does everyone think of this structure: 1) Family trust with corp trustee to initially buy the houses 2) In 3 years (say) sell to a development company (owned by another...