Beware of the advice of "experts" that you might hear on radio or TV. Many "bright ideas" that appear reasonable at first glance can have hidden implications that you won't hear mentioned on air.I saw it mentioned by some 'expert' in the field a good while back
Beware of the advice of "experts" that you might hear on radio or TV. Many "bright ideas" that appear reasonable at first glance can have hidden implications that you won't hear mentioned on air.
buying property through a company is a nightmare - there are 2 hits for capital gains tax, on the property and on the shares...
Haha very true thats why I asked too haha.
Sorry for replying again thru this I can never find the exact previous posts I am looking for so quick question. The capital gains tax will only take effect if you are selling the property surely? And on the shares can you explain that to me? Say if there were only two shareholders, e.g. me and ANOTHER?
Thanks,
I
What would be the benefit of entering an agreement like this?
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