Owning your house through a Trust.
A common question is whether it makes sense for your company or your family trust to be the owner of your home.
This is a very complex area of legislation that is currently under review and is in a state of flux. Burman recommends you consult an expert who is up to date with regards to changes.
Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your eclectic home.
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Although there may be reasons other than tax considerations why owning your house through a trust may be appropriate in certain circumstances, it is not generally a tax efficient solution from a capital gains perspective.
The primary residence exclusion is only available to natural persons and not to companies or trusts.
The lower inclusion rate for natural persons (40%) compared to that for trusts and companies (80%) means that in all cases the effective tax rate on capital gains will be lowest in the hands of an individual.
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Did you know? Your own personal Attorney Realtor offers an all inclusive service. You will receive legal advice, sales and purchase solutions, as well as the entire transfer process.
Get your real estate selling or buying process on the right track by contacting Property Angels today. Your professional local Attorney Realtor will then call you back the same day or the next business day.
At Property Angels we introduce home sellers and buyers to their own dedicated Attorney Realtor Partner.
Once your friendly Attorney Realtor has highlighted all your benefits, you will understand why an Attorney Realtor is the smartest way for you to sell or buy your property.
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