Hello everybody,
We’re at the moment trying to buy a principal place of residence, however we gained’t qualify for a mortgage, so we’re exploring totally different possession choices.
Wouldn’t it be potential for my firm to personal a portion of the property if a part of it’s genuinely used for enterprise functions? For example, we’re contemplating a construction the place 75% is owned personally and 25% by my firm, with one room designated as a client-facing workplace.
I perceive that any portion owned by the corporate could be topic to capital good points tax upon sale. Apart from that, are there any ATO or authorized pink flags I ought to pay attention to with this sort of association?
Recognize any insights.
