Previous cycle , we were able to put several proprieties in each trust in Q'land
Currently , threshold is 350 K land tax per trust .
We're buying IP's , land value just over 100 K . Assuming prices double in next few years , then two IP's in a trust will take you over the threshold.
So pay land tax , vs increase set up costs and ? increase accounting for extra trusts
Part of the issue is we're not sure at this time how long we will hold the properties . Plan is to sell once we've seen that growth , but we've certainly changed our plans in the past when we've seen opportunities come up
Any thoughts ?
Anyone looking at the same issue ?
Cliff
Currently , threshold is 350 K land tax per trust .
We're buying IP's , land value just over 100 K . Assuming prices double in next few years , then two IP's in a trust will take you over the threshold.
So pay land tax , vs increase set up costs and ? increase accounting for extra trusts
Part of the issue is we're not sure at this time how long we will hold the properties . Plan is to sell once we've seen that growth , but we've certainly changed our plans in the past when we've seen opportunities come up
Any thoughts ?
Anyone looking at the same issue ?
Cliff