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Jackd22(Initiate)Initiate
5 Jan 2024

Hi,


Can I buy property throught my company to reduce tax liablities? if Yes, can someone please explain to me the process and how this is done in the company tax return?


Thank you

1,535 views
5 replies
1,535 views
5 replies

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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Jan 2024

Property would be better in a discretionary trust than a company, because a company cannot claim 50% discount for CGT.


Neither option will allow you to claim rental losses on your personal tax return.


You need proper advice based on your circumstances.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Jan 2024

Property would be better in a discretionary trust than a company, because a company cannot claim 50% discount for CGT.


Neither option will allow you to claim rental losses on your personal tax return.


You need proper advice based on your circumstances.


Jackd22(Initiate)Initiate
7 Jan 2024

Thank you Bruce4Tax - What if the corporate trustee is a company that acts as the trustee of a trust? How does that work for company? e.g. distrubtions etc

Bruce4Tax(Taxicorn)Taxicorn
7 Jan 2024

A company which is trustee of a trust, and has no other activities,

will have no income and no expenses.


All activity will be in the trust.


You need proper advice based on your circumstances.


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Can I buy property throught my company to reduce tax liablities? | ATO Community