Property Tax Reduction Planning < Property Tax < Property < Keys To Succcess Club
This is obviously a complicated area and you need to see a specialist to get personal advice that is appropriate for you.
Let it be said that if you are looking at ways to reduce the tax you will pay on an investment property, there are multiple strategies that can make a massive difference to the overall tax you will pay.
In terms of ensuring that your property tax reduction planning is effective, the most important areas and the most overlooked is to ascertain this BEFORE you start buying. Once you have put the property in a certain person’s name or structure that you are entering into a costly exercise to change this down the track!
Here are some of the questions you should be thinking about:
1) Whose name should the property be in? Individual, dual, trust structure?
2) If you are looking to sell multiple properties what timings relative to the tax year are most suitable?
3) Should you sell or hold and refinance? If you hold and refinance, what are the implications of this?
4) What is the best strategy with your principal place of residence
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Keys To Succcess Club > Property > Property Tax > Property Tax Reduction Planning