I have a new HDT and it has 1 property, and I'm planning to buy shares from the ASX with my HDT as well.
For my property, if i have issued units to myself so that I can negative gear, does this mean i have to report capital gains for my personal income in the future when i sell shares? (meaning, I can't distribute the capital gains to beneficiaries when I sell the shares)?
How does the ATO or accounts know which units are for whether the Investment property or the Shares??
For my property, if i have issued units to myself so that I can negative gear, does this mean i have to report capital gains for my personal income in the future when i sell shares? (meaning, I can't distribute the capital gains to beneficiaries when I sell the shares)?
How does the ATO or accounts know which units are for whether the Investment property or the Shares??
