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Company Vs Trust Vs Principal Place -Single Entity (Help Required)

Discussion in 'Accounting & Tax' started by HUGUS, 22nd Nov, 2015.

  1. HUGUS

    HUGUS New Member

    Joined:
    22nd Nov, 2015
    Posts:
    1
    Location:
    Brisbane
    Hi Recently purchase a unit site in my own name where I am currently living in the existing house (Principal Place of Residence). ($750K)
    The site is in for approval of 5 town houses. Cost to build $1.75M. We plan on keeping one townhouse and living in it to keep tax down. Sal proceeds $3.3M

    What I need to know is the best structure to move forward. Be it company, trust or as is.
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    10,387
    Location:
    Sydney
    It depends.