Who is the best person to speak to regarding Loan restructuring?

Hi all,

We are about to restructure and consolidate our loans, which has been spurred on by the fact that we have just purchased another IP and currently have loans with 2 banks and would prefer them to all be with one.

We have a fantastic broker (member of this forum) who we have used for many years and will continue to use. He has been a great source of information and obviously someone we like to bounce ideas from.

We are wondering who do you guys go to to get structuring advice of loans to ensure tax efficiency? Our accountant is on leave till the end of the month but we are not sure that he is the best person to guide us on this as his areas of specialisation are more to do with GST, BAS & IAS Return, Business Advice, FBT Returns, Company / Trust structuring, and SMSF vs Property specialisation.

Any advice/direction appreciated.

 

A structuring lawyer with a credit licence.

 

This recent thread may be a good start with some info regarding the different professional advisors (accountants, brokers, financial planners, lawyers).

Property accountant/ financial planner Sydney

 

Just to clarify, we are not looking to setup a Company or Trust structure, but rather will have these loans in our personal names. We are looking to ensure that we set up the loans as "cleanly" as possible so that they are easy to manage, break up (if required) and will provide the maximum tax efficiency.

 

I think an accountant like @Paul@PFI would be able to provide that sort of professional advice

 

If your current accountant does

I think they can help with loan structuring. If s/he is on leave just ask to speak to a fellow partner or senior manager in their practice.

Your accountant can point you to a broker. Just make sure that the accountant is not getting kickbacks from the broker - if they are change accountants and broker.

 

I had assumed as such

Best person would be someone legally allowed to give both loan and tax advice.