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  1. coastymike

    My accountant recommended this. Any developers on here using a similar set-up?

    OC1 It might be worth it believe it or not. We did some modelling for a client where a unit would be retained in a company structure for 5 years and then sold. Recognising the 50% CGT Discount would be lost. HOWEVER. After that period they planned to retire anyway and dividends would be...
  2. coastymike

    My accountant recommended this. Any developers on here using a similar set-up?

    One thing you can also consider is having a seperate company (rather than a trust) do the next development. Developments on revenue account so CGT not an issue. Companies don't get the CGT discount but not an issue as you wouldn't get it anyway. So trust not really necessary. Company to...
  3. coastymike

    My accountant recommended this. Any developers on here using a similar set-up?

    A trust accessing funds from a bucket company is a division 7a issue. As long as you have a complying loan agreement with repayments generally over a 7 year period and interest charged at the division 7a rate then not an issue.
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