Two individual persons want to buy the commercial property together for investment. We would like to know the best business structure for this use regarding tax minimisation and asset protection. Answer Here are some variables (not exhaustive) What is the gearing ratio, and will the property be negatively geared?What is the investment horizon and how long do they intend to …
Capital Gains on Client Base Sale
I have a Corporate Client who is selling off part of a Client Base and I’m unsure of the Tax Consequences, although it does appear to be a CGT Event. The Sale Price is expected to be $175,000. A Cost base is yet to be established, but it will probably be between $40,000 and $80,000. It’s all Goodwill. The ATO …