tax reduction

[ruk]

I have a chance to do a residential subdivision and hope to make lotsa.

how do I reduce my tax ?

would a company or trust be any good to me, or should I just go down the capital gain road.

any advise would be appreciated TIA.

 

[Glenn]

I have an excellent way for you to reduce the tax on this deal to nothing (barring some tricky gst deal that may be triggered when the subdivision occurs...but that can be referred to the accounting and tax forum) -

build a house on every block and don't sell any of them....no tax, heaps of depreciation, good rent


Glenn