How to structure the Investment Property
I’m 31 and looking to buy my first Investment Property because I can’t afford to buy a house where I want to live in Melbourne. I’m in the highest tax bracket and was initially very happy to buy an IP in my name and negative gear it. Then buy a second and do the same. After which I would eventually buy a PPOR.
Now with the new changes to the NG and CGT, I’m seeing all kinds of advice online about how to structure my investments. Based on the current proposals I’d be best off buying them under a company. But I’m worried that if I buy them under a company and these proposals don’t go ahead and become law, I’m significantly worse off because I won’t have the NG and CGT that I would if I bought in my own name.
Since I’ve never been through something like this in my lifetime, I’m just looking for advice or happy to hear what other people in my position are doing going forward. Thanks if you’ve gotten this far!