Recent content by AkaliYooshDead5

Hey, maybe chat with a wealth planner first. Get a sense of what could happen before you decide. But jumping into a massively over leveraged investment? That's pretty risky. Throw in government changes and extra investment risk from things like renters' rights, and it adds up. Honestly, it's...

So here’s the deal: you’d currently and for the next 2 years pay CGT on your half of the gains (plus the 50% CGT discount). If you decided to hold it, then the same thing applies, plus you’d pay CGT on the portion from your dad, with the cost base reset at the time of death. In the short term...

Damn, if only I knew anything about 'CTG'.

That's a pretty big lie floating around online that says you don't owe third parties. Actually, you do, unless you can prove you don't. If you ever need a hand figuring out how to respond, just give me a shout. You should really pull those documents from the lawsuit I'd hate for him to end up...

You got the tax deduction now it’s time to pay the tax.

I have 4 creditors on that list

So, using a company for capital assets isn't usually the best setup. What I tend to suggest is a trust, or maybe a partnership of trusts it really depends on the property and what you're trying to achieve. The thing is, if you hold assets directly in a company, you miss out on the capital gains...