Tax strategy

Discussion in 'Accounting & Tax' started by ZhenLegend, 6th Mar, 2018.

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  1. ZhenLegend

    ZhenLegend Member

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    6th Mar, 2018
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    Victoria
    Hi

    I'm entering market as a micro developer. Looking to start anew with proper accounting setup. Is there any good property accountant in Melbourne, ideally in CBD or West Melbourne area. I'd love to setup consult so I have the whole thing setup properly.
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Accounting set up or legal structure set up?
     
  3. ZhenLegend

    ZhenLegend Member

    Joined:
    6th Mar, 2018
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    Location:
    Victoria
    Hi Terry

    I'd say Tax to start and legal definitely follow.

    Basically, the high level thinking is to have each project running as a separate ABN with trusts owning shares. This give us flexibility to have different investors per development project. But my thinking is one but how realistic from tax perspective (and legal) needing help from someone.
     
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Australia wide
    If considering trusts that is legal advice,
     
  5. ZhenLegend

    ZhenLegend Member

    Joined:
    6th Mar, 2018
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    Location:
    Victoria
    Hi Terry.

    Thanks. OK, I need legal advice.....