property structure how to?

[fitguy]

Hi guys,
We have a few properties that we are thinking about changing into another name or company etc to protect them.
Do you have to buy the property in that particular name or can you change it over? and if you can change it over do you have to pay stamp duty or any capital gains tax when you do this.
About to research this ourselves but your advice would be great.

Thanks in advance

fitguy

 

[Darren Ski]

If you change them to a different name you will pay stamp duty

Any new IP's should be bought in a trust for protection and tax flexibility

A company does not give you as much tax flexibility

The only way to protect current IP's in your name is to borrow against them as much as possible so there are no $ left in the property this will make it unattractive for people to sue you for whatever reason because the bank always gets payed first


Darren

 

[fitguy]

Thanks Darren for the advice.
Will look into it more and do some more reading.