Hi All,
We are looking at buying a property on the coast that we will use as an investment from now until we retire in 10 – 15 years.
At that time we will probably demolish and rebuild on the block. As we have a hybrid trust setup for our investment should we buy this property through the trust (and then buy it back off the trust) or buy it in our own names? What are the pros and cons of these and is there another way?
Another way we have thought of is to buy investment in the trust and rent it for the 10 - 15 years and then demolish. After this we then buy the bare block back of the trust at the lands market value and build our home (I would assume we would save a lot capital gains tax!!) How would the Tax Office see this?
We are looking at buying a property on the coast that we will use as an investment from now until we retire in 10 – 15 years.
At that time we will probably demolish and rebuild on the block. As we have a hybrid trust setup for our investment should we buy this property through the trust (and then buy it back off the trust) or buy it in our own names? What are the pros and cons of these and is there another way?
Another way we have thought of is to buy investment in the trust and rent it for the 10 - 15 years and then demolish. After this we then buy the bare block back of the trust at the lands market value and build our home (I would assume we would save a lot capital gains tax!!) How would the Tax Office see this?