Here at Goodlife, we make no bones about it – We highly recommend the set up of an LTC to own your residential investment property. This is a type of limited company, specifically set up to have losses run through it. LTC stands for Look Through Company, in that all losses look through to the shareholders personal tax situation. Hence, any losses are put towards the shareholders tax position, ultimately to get them a nice tax return at the end of the year! Essential in the structuring of wealth creation and saving!
I decided to make a video interview of an Accountant we recommend to our clients – Garreth Collard of EpsomTax. In this video, I throw numerous questions at Garreth about why an LTC is the best option.
We discuss: What an LTC is – Who should set one up – Is a Partnership better – How do you set one up then manage it.
Enjoy!