BUY YOUR OWN BUSINESS PREMISES – BUT BE QUICK!

25 Feb 2016

Never before has there been such confusion regarding tax changes, but it appears there will be different rules as early as the May Budget. One of the “slam dunk” ways to wealth is to purchase your own business premises, preferably in a Self Managed Superannuation Fund. You then pay the highest rental possible to your landlord (yourself). You get a tax saving of 30% or 47% (depending on your structure) and the fund pays 15% tax on the income. Pretty good so far, but that is not all! The fund will gradually pay off any debt and if the property is sold when you are receiving a pension - no capital gains tax! Some of that is going to change, but probably only for new players. Don’t be a “wish I had” - do something now. Call Sam Hill on 0419 747 440 for some no obligation details of properties available.