What's the best form of structure now?
Question from Simone updated on 29th April 2011:
Our expert Mark Withers responded:
The golden rule is to plan the structuring around the predominant purpose, for now that is personal ownership as your family home. This means an LAQC is not appropriate, personal ownership in your own names should be just fine and is also likely to be totally acceptable when you decide to rent it out permanently. Get some advice on the cross boarder tax issues before you leave for overseas though. The LAQC as we have known it will cease to exist as a result of the governments tax reforms.
Mark Withers and his team at Withers Tsang & Co specialise in advising on property related transactions, valuation and restructure services and tax planning.