From: Manny B
Howdy all,
many IP investors including myself are facing increasing land-tax bills due to properties being purchased under individual tax-payer names OR a trust/entity... Many state that the way around paying too much land tax is to create multiple trusts/entities, each with an X amount of properties, others have indicated that they buy in multiple states (as the tax is state based) to avoid this, is there a better way? (I intend to also ask my accountant when I see him soon)
Can any forum members tell us how they go about reducing land tax?
Cheers,
Manny.
Howdy all,
many IP investors including myself are facing increasing land-tax bills due to properties being purchased under individual tax-payer names OR a trust/entity... Many state that the way around paying too much land tax is to create multiple trusts/entities, each with an X amount of properties, others have indicated that they buy in multiple states (as the tax is state based) to avoid this, is there a better way? (I intend to also ask my accountant when I see him soon)
Can any forum members tell us how they go about reducing land tax?
Cheers,
Manny.
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