3. How do I structure my property investments for tax
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 are helpful in reducing or eliminating Capital Gains Tax and Stamp Duty payments, which can get very expensive the more properties you acquire. Reach out to a tax expert and explain your goals to find out what the most efficient method of property investment for you!