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 When to set up Property Investment Company, need expert's view

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ManutdGiggs
post Feb 19 2014, 09:19 PM

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QUOTE(empire177 @ Feb 19 2014, 09:17 PM)
ohh... start normal company also can buy property as assets? pardon me... noob here...

Then can the property be purchased before corporate tax?
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A company running biz can buy props. An empty company do in onli rental collection can own props. No diff.
ManutdGiggs
post Feb 21 2014, 12:08 PM

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QUOTE(alwyn75 @ Feb 21 2014, 10:22 AM)
You are right, my properties, all are residential so no point putting in SDN Bhd.
But how to borrow money in the future when I'm old? Any good advise?
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Assuming ur company has only 2 directors. Wifey and unself. When old age bank oso won't loan to company cos bank needsdirector to b guarantor most of the time. Unless u insert some young blood as director to ensure the company get the loan. Nowadays banks r more cautious.

 

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