Property Development as a small business

Discussion in 'Development' started by TMac, 4th Apr, 2012.

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  1. TMac

    TMac New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    Croydon, Vic
    G'day,

    It is a long running passion of mine of buying, renovating and selling property, so much so that I'm looking at creating a small business out of it.

    Obstacle number one is financing my first as a business while I am still paying off the family home. Aside from using the equity in my current home against a bank loan, does anyone have suggestions on funding a small business venture such as this?

    Also, what are the CGT implications when this is run as a small business and what are the steps, if any, of mitigating the impact of CGT?

    Finally, are there any benefits in creating a business as a trust fund?

    Any advice you've got will be greatly appreciated.

    Cheers,

    Trev
     

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