Articles by Matthew Gilligan
LAQC / LTC TAX CHANGES
As you will now be well aware the LAQC / LTC tax changes are fast approaching. They take effect 1 April 2011. If you have an LAQC and you have not yet discussed with us what course of action to take you need to contact us urgently and book an LAQC/LTC review meeting. As a recap some of the key points to note in respect of the rule changes are as follows:
Convert the LAQC to an LTC, but leave everything else the same.
Convert the LAQC to an LTC, but at the same time examine whether the shareholding structure in relation to the company is appropriate.
Convert the LAQC into an ordinary company and potentially restructure the shares as well.
In summary, the changes to the LAQC rules and the implementation of the LTC regime means that all existing LAQC clients need to have their affairs reviewed to determine what the best structure is for them from 1 April 2011 onwards. We are offering LAQC/LTC review meetings at a discounted cost of $150 plus GST. Do not delay in setting this meeting up as you need to have the advice in advance of 31 March 2011.
Thank you for presenting an excellent course in your Property School 101 over the last 6 weeks. We really enjoyed it, gained good value from it plus the necessary confidence and knowledge to move forward in the property market. We will be in touch, soon, for a review of our trusts and entities to ensure we have these established properly to fully protect both our assets and income and to gain full advantage. All the best. - John
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.Learn More