Whose name should be on the paperwork?
Whose name should be on the title of your new investment property? What are the pros and cons of each? What if you change your mind or realise you made a mistake?
These questions are arguably the most important you will ask us as your property tax accountant. Making the wrong decision, or making an ill-informed decision could cost you thousands of dollars in forfeited tax benefits, capital gains tax concessions and put asset protection strategies at risk.
There are a number of options available to you, and as part of our tax services, we will explain the differences between:
Family Unit or Trust
It’s not always as straight forward as you think, and with each one of these options comes a myriad of considerations, which is where the experience and knowledge of our property tax specialists will benefit you. A Paris Financial tax specialist knows property tax and we can assist you in making the right decision that will have the greatest tax benefit and asset protection for you. Our tax specialists also know that property investment is a BIG investment, that’s why we take the time to gather all the information from you to give you the best possible tax outcome as part of our tax services.