Hi,
I am just after some advice from some of you smart folk.
Currently own a property in nsw under a family trust that is getting hit with land tax bills! Roughly $6500 each year. Had the property 3 years and intending to hold forever. Is it worthwhile moving this property to another structure, and possibly incuring one off stamp duty?? If so, what is the best structure. Close to maxed out on indiviual landtax threshold.
Thanks
I am just after some advice from some of you smart folk.
Currently own a property in nsw under a family trust that is getting hit with land tax bills! Roughly $6500 each year. Had the property 3 years and intending to hold forever. Is it worthwhile moving this property to another structure, and possibly incuring one off stamp duty?? If so, what is the best structure. Close to maxed out on indiviual landtax threshold.
Thanks