A
Anonymous
Guest
From: Anonymous
Would appreciate feedback from people in the know.
OK here is the idea;
- form a company a buy one property in company name. Pay stamp duty and +/- $1,000 for Co.
- when time comes to transfer property to whoever you sell the company not the property.
- Stamp duty only applies on transfer, so does it apply to the property in this case?
- Capital gains can be legally reduced via various means available to the Co.
Please shoot this to pieces guys, either I am missing something or this has potential for minimizing taxes/duties. I'm sure Dale and Paul Z will have an opinion or two
Would appreciate feedback from people in the know.
OK here is the idea;
- form a company a buy one property in company name. Pay stamp duty and +/- $1,000 for Co.
- when time comes to transfer property to whoever you sell the company not the property.
- Stamp duty only applies on transfer, so does it apply to the property in this case?
- Capital gains can be legally reduced via various means available to the Co.
Please shoot this to pieces guys, either I am missing something or this has potential for minimizing taxes/duties. I'm sure Dale and Paul Z will have an opinion or two
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