Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Buying property under company, whAT;S the benefit

views
     
shaniandras2787
post Nov 27 2017, 12:02 PM

drugged coordinator
*******
Senior Member
2,309 posts

Joined: Apr 2011
QUOTE(paogeh @ Nov 23 2017, 08:45 AM)
Huh!?!?!?!
so what;s the advantage then ?
*
other than better accountability (if the company is shared), there are tax allowances in respect of the income generated from the property if it's held under the company.

you may need to check with your tax agent and company secretary on this one whether the allowances will outweigh all the additional costs.

one more thing that most people failed to consider is the costs involved annually to file the audited report to CCM. Even if the company does not conduct any business transactions, you still need to file in your accounting report to CCM otherwise, you may be penalized in terms of monies and also imprisonment.

 

Change to:
| Lo-Fi Version
0.0144sec    0.86    6 queries    GZIP Disabled
Time is now: 9th December 2025 - 09:11 AM