Hi all,
Hoping to get some advice here. My father has a sum of cash to invest. He has a portfolio of residental properties plus investments in normal managed equity/property CISs (no distributions).
He doesnt need or want the annual distributions that REITS have to make. As he will be subject to income tax on these distributions. Would an investment in a property unit linked fund be a better option, that reinvestments its income. He has large rental losses forward to offset rental income, so near nil liability.
He wants to invest in property either directly or indirectly.
Am i wrong in basing my decision purely on income tax liability.
Many thanks.
Hoping to get some advice here. My father has a sum of cash to invest. He has a portfolio of residental properties plus investments in normal managed equity/property CISs (no distributions).
He doesnt need or want the annual distributions that REITS have to make. As he will be subject to income tax on these distributions. Would an investment in a property unit linked fund be a better option, that reinvestments its income. He has large rental losses forward to offset rental income, so near nil liability.
He wants to invest in property either directly or indirectly.
Am i wrong in basing my decision purely on income tax liability.
Many thanks.