At O’Brien & Co we have the expertise to assist in a variety of areas in relation to both residential and commercial properties and there are quite a few issues that need to be considered before proceeding. For more details, contact us.
WHAT IS AN INVESTMENT PROPERTY
This is property that can be either residential or commercial. It can also be land as well as buildings. The property must be rented at market value in order to maximise any negative gearing.
WHO SHOULD OWN THE PROPERTY
Ownership of the property is extremely important for both tax effectiveness as well as asset protection. This decision needs to be made before the property settles as this could have wide ranging ramifications.
WHY IS A CASHFLOW ANALYSIS OF THE PROPERTY SO IMPORTANT
Depending on the rental income received vs the outgoings of the property, this will determine the net cash flow position of the property and the overall viability of the property.
WHAT ARE THE CGT IMPLICATIONS ON THE SALE OF AN INVESTMENT PROPERTY
Capital Gains Tax is payable on the profit that you make when selling an investment property. The Capital Gains Tax event starts from the moment you sign that contract – not settlement date! Timing is everything and you need to talk to us before signing anything!
Want to Learn more?
Achieve your property investment by connecting a O'Brien & Co’s specialist