If a property is bought in a Company name there is no CGT discount
Any 'losses' from the rental property can only be offset against other income the Company has earned
Company tax rate is only 30%
Personal income tax rate is up to 45% which can be significantly reduced by -ve gearing and the individual gets 50% cgt discount when they sell
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- Solutions to House Price and Rental Crisis??(Ideas)
Solutions to House Price and Rental Crisis??(Ideas), page-118
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Ron Miller, Non-Executive Director
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