There are three ways to invest in properties:
- As an individual
- Through a limited liability company
- Through a partnership
All three have tax benefits that are unique and often depend on your financial goals, including whether you hope to build a full portfolio, develop the property and sell it on later, or use the property as a pension for retirement. This may also depend on whether you plan to hold onto all current property assets or if you are looking to expand your portfolio.
These methods help reduce or eliminate Capital Gains Tax and Stamp Duty payments, which can become very expensive as you acquire more properties. Reach out to a tax expert and explain your goals to find out what the most efficient method of property investment is for you!