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From: Sergey Golovin
Hello everyone.
Someone (here on forum and also Jan Somers in her book) mentioned earlier that if you are buying your 4 or 5th IP property you need to register a business and run it as business, otherwise it is very hard to get finance from bank. Which if fine.
Question is - would it be advisable to set up such investment company right from the beginning, from day one.
Or would it be more tax effective to start as private person and than move on to setting a company.
And associated question - would it be more tax effective run it as trust or family trust from day one or change it over from private to trust later on (on purchasing 4-5th property).
Would anyone have any comments, please.
Thank you.
Regards
Serge G.
Hello everyone.
Someone (here on forum and also Jan Somers in her book) mentioned earlier that if you are buying your 4 or 5th IP property you need to register a business and run it as business, otherwise it is very hard to get finance from bank. Which if fine.
Question is - would it be advisable to set up such investment company right from the beginning, from day one.
Or would it be more tax effective to start as private person and than move on to setting a company.
And associated question - would it be more tax effective run it as trust or family trust from day one or change it over from private to trust later on (on purchasing 4-5th property).
Would anyone have any comments, please.
Thank you.
Regards
Serge G.
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