Many people purchase an investment property to use as a “nest egg” for their retirement or as an asset to pass on to their children. To really make the best of this investment, and make it work for you it is worth considering setting up an LAQC.
An LAQC (Loss Attributing Qualifying Company) is a rather cumbersome name for a simple company which chooses to offset any losses it makes against the tax the shareholders (owners of the property) pay each year. Or in other words, the losses made on the investment property can be used to reduce the amount of tax the property owners pay – in some cases it can provide/create a refund of PAYE tax.
Unlike a Family Trust, with an LAQC you still retain ownership of the property, which makes it easier if you want to refinance or sell.
Existing investors can make the most of opportunities as the market continues to provide opportunities for new purchases. A quick review may surprise you.
We have a range of options targeted to this particular sector.
Clients in this category are unique in their circumstances, so please complete your contact details here and we will discuss your requirements individually with you.
We regularly run small seminars for property investors, both prospective and existing. Register your interest by clicking on this link.
