R ruk 13th Nov, 2002 #1 I'm hoping to make a few hundred thousand, capital gain, from a subdivision. Is forming a company the best way to reduce the amount of tax. All suggestions welcome.
I'm hoping to make a few hundred thousand, capital gain, from a subdivision. Is forming a company the best way to reduce the amount of tax. All suggestions welcome.
geoffw 13th Nov, 2002 #3 And if you HAVE to sell, wait 12 months, and get the 50% exemption for individuals. (I don't know when the 12 months for exemption starts- when you acquire the land, or when it's developed, or somewhere in between).
And if you HAVE to sell, wait 12 months, and get the 50% exemption for individuals. (I don't know when the 12 months for exemption starts- when you acquire the land, or when it's developed, or somewhere in between).
R Roz 14th Nov, 2002 #4 I don't have much experience yet, but I have been told not to have an appreciating assest in a company. Roz.
I don't have much experience yet, but I have been told not to have an appreciating assest in a company. Roz.
M Macca 15th Nov, 2002 #5 If it is your main source of income that F/year could it be seen as income by the ATO? Macca