Ownership Structures

Ownership Structures from McCarthy Money

By: McCarthy Money  08-Sep-2016
Keywords: Self Managed Superannuation, Self Managed Super Funds, Self Managed Superannuation Funds

Did you know that when purchasing a property you had options on how to own that asset? Should it be in your personal name or via a company? Maybe a particular type of Trust is the way to go or you should possibly be consulting with a financial planner about SMSF. How are you supposed to know the options available, the benefits of those options, and what’s most suited to your financial circumstances? Even the percentage ownership between a couple who are purchasing an investment property can make a big difference to your tax. For instance, if husband and wife are considering an investment property purchase in their personal names and wife earns a higher income (therefore is paying substantially more income tax) it might make sense for her to own a greater percentage of the asset. Is the property expected to be negatively geared? Is it being financed? How long is the asset expected to be held as an investment? Is a future capital gains tax requirement a factor to consider? Are the current income levels of husband and wife expected to continue? All of these components need to be factored into the decision and McCarthy Accountants are here to assist. It’s important to consult about ownership structures with McCarthy Accountants well before a property is purchased. It should be part of your planning process. Along with confirming your lending capabilities, the impact of the property on you tax position, the expected holding cost of the property and how it fits within the household budget, contemplating the different ownership options makes sense at this time. It may be too late, or too costly, to make changes later. The differing ownership options will impact your taxation in different ways and could greatly influence the decision you make, therefore it falls under the services offered by McCarthy Accountants. It can also influence the lending options available to you so we of course work closely with your finance broker. The same is true for your financial planner especially when a self managed superannuation fund is being considered as they will provide you with the financial advice required in this specialised area.

Keywords: Self Managed Super Funds, Self Managed Superannuation, Self Managed Superannuation Funds, Smsf

Other products and services from McCarthy Money

Tax Minimisation from McCarthy Money thumbnail
08-Sep-2016

Tax Minimisation

McCarthy Accountants can assure you that it is possible and are helping clients every day to do just that. Allow us to sit down and demonstrate how your family can also benefit.


Tax Returns from McCarthy Money thumbnail
08-Sep-2016

Tax Returns

We do pride ourselves on making sure that you’re only paying the amount of taxation that you’re required to pay. No more, no less. Our clients look to us for ways to legally minimise the amount of tax paid and this is a focus when it comes time for lodgement. More importantly we will give you advice on how the amount of tax can be minimised in the future if the appropriate steps are taken.


Taxation Planning from McCarthy Money thumbnail
08-Sep-2016

Taxation Planning

What’s important for you today is unlikely to be the same in the future and McCarthy Accountants will help you to forecast these changes and make the appropriate amendments when required.


Loan Refinancing from McCarthy Money thumbnail
08-Sep-2016

Loan Refinancing

For many investors, managing debt is a necessity and can impact the performance of their portfolio therefore keeping a close eye on their loan facilities is essential. Refinancing to ensure that their investment strategy is going to plan can be a healthy exercise if done correctly.


Investment Property Loans from McCarthy Money thumbnail
08-Sep-2016

Investment Property Loans

McCarthy Money has been a financing expert for property investors for over 15 years. If you’re considering purchasing an investment property, consider an obligation free chat with our team before making any commitments.