What is the Best Tax Structure for Your Investments?
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- čas přidán 6. 07. 2024
- If you’re looking to invest in property, crypto or shares, it is important that you get your tax structure correct. In this video, I go through the best tax structures for investments in Australia.
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⌚️Timestamps
0:00 Types of Structures
0:22 Own Name
1:29 Joint Names
2:40 Trusts
4:56 Companies
6:51 Best Investment Structure
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this CZcams channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#taxstructures #investmentstructure #taxaustralia
What else do you want to know about when it comes to structuring?
If you have a mum/dad company which is running a business which is reasonably profitable is it worth the company buying shares with excess cash flow? At what point does the tax rate change to 25%
You have to be a base rate entity to stay at the 25% tax rate.
"it has 80% or less of their assessable income in that income year that is base rate entity passive income"
This would be the thing you would need to be careful of if purchasing shares through a company. You also don't get a CGT discount as a company.
Joint investments for shares is a waste . due to having to half all dividends for tax purposes. Also when if a company does a company restructure it becomes a nightmare better just buy 2 parcels one for husband and one for wife.
If two people always had the same income, joint shares could be an option. However, like you said it is probably simpler to just purchase two seperate parcels.
does turning a principal place of residence into an investment property be advisable to an accountant ?
It can be done but it might not be the most efficient option depending on how your debt is structured. Definitely a good one to seek individual advice on.
Hello Ethan, great videos really informative. My wife and I running a business soon in a partnership structure with no employees as of yet. . We are only getting everything together at this stage so its a start up. I am new to running a business so bookkeeping service would be good, and to work with an accountant to review our structure later. Do you have a fees structure with your services. Regards, Chris
Thanks! Yeah definitely get in touch and we can give you our pricing structure.
Is an Investment Trust the same as a Discretionary Trust ?
No. Trusts are complex though and best to seek personal advice.