NSW Property - Paying excessive land tax ?

Discussion in 'Accounting & Tax' started by Paul@PAS, 8th Aug, 2017.

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  1. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,504
    Location:
    Sydney
    Ever wished you could redo your choice of property ownership in NSW ?

    My old mate and former boss, Chris Batten has been working away on this one for some time and has achieved some past outcomes that can sometimes (!!) be repeated so that restructuring of NSW property can be done without stamp duty. The catch...Of course there is one. Or two.

    1. Its complex, hence not cheap; and
    2. CGT may be triggered.

    A word of warning - MGS Private doesn't deal direct with taxpayers

    I suspect these strategies may take on enhanced importance in the future with matters like non-resident surcharge duty and the ALP proposal to impose minimum 30% tax rate on disc trust etc as well as the broader ALP push to curtail some neg gearing.
     

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    Last edited: 8th Aug, 2017
    Paul@PAS, 8th Aug, 2017
    #1
  2. NathanCroaker

    NathanCroaker New Member

    Joined:
    14th Jul, 2017
    Posts:
    3
    Location:
    Syd
    Haven't heard that name for a while. Thanks for sharing Paul.
     
    NathanCroaker, 11th Aug, 2017
    #2
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