澳洲Australia property In who's name do I buy for next


在澳大利亚 I am in Melbourne. Would like to buy properties interstate. How difficult is that to manage these properties. Any advise. 评论 Do you mean manage to find them or manage as in property manager? 评论 Manage to find a good property manager 评 Hi everyone, After months of searching for my first IP I believe finally have the corage to put in my first offer. I would love some feedback Property: Duplex Asking price: $239,000 I believe it is worth $225,000 to $230,000 My Offer: $218,0


Hi all,

I have an IP and next door property is for sell. Current IP is in my name. Do I need to buy next door in my name or it can be in other's name like HDT or my wife's name?
I would like to have multiple properties developed over these 2 pieces of land together - sub divided.

Thanks
Charliey  

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generally put it in the name of the highest wage earner to maximise tax claims  

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or an hdt so that you can claim via the highest taxpayer, and then when the development is profit producing you can convert hdt (payout seeding funds paid by highest taxpayer) to a normal family trust and dispurse income to lowest taxpayer.

however, you need expert accountancy advice - take advantage of those on this forum for more details into benefits and downsides. an example of downside is that you can't claim cg 50% exemption if held in a company or trust.  

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18 months ago we bought the property over the back fence to an IP we have had for ten years. This gave us a big double block with two street access. Because we also plan to do something with this double block at some stage, we were advised to buy the second property in the same name as the first, which is my husband's name.

The reason given was that if, for example, we decided to "create" a block in the middle, or even cut off one house on a smaller piece of land to leave the other house on a much larger block, having both blocks in the same name would make the process much easier.

We didn't get any more advice than this because having the second property in hubby's name was our best option regarding tax anyway. I am sorry but I cannot remember whether the advice came from the accountant, mortgage broker, estate agent or the town planner.

Wylie  

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