Land of the rising sum
Article Abstract:
Factors to consider in making real estate investments include price, location, financing, and structuring the purchase and borrowing to minimize tax liability. Investors can get a deduction for the interest paid on loans used to buy land for development. According to the Australian High Court ruling on the Steele case in Mar, 1999, a buyer's intention to develop the land is enough to deduct interest on loans.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
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Goodwill gains
Article Abstract:
Business people can gain a substantial tax break on the goodwill of their business if they arrange their transactions correctly. Up to 50% percent of goodwill assets may not be taxed. Gains for a business sale can also be transferred to another business. Additional tax concessions can be obtained from business sale proceeds used to fund retirement plans.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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