OWNERSHIP STRUCTURES

Baldock Stacy & Niven Solicitors, Orange NSW

OWNERSHIP STRUCTURES

Baldock Stacy & Niven Solicitors (BS&N) in Orange understand the importance of customizing ownership structures to suit each client’s individual circumstances.

The ownership of your residential and investment property or business is important. Get the structure right and you can have long term benefits - get it wrong and it can be a catastrophe.

Most clients need a customized ownership structure that matches their aims and situation. At BS&N, we can help find the perfect structure for you.

GET YOUR OWNERSHIP STRUCTURE RIGHT WITH BS&N

The first step in deciding on the best ownership structure is to talk to the expert Conveyancing and Business team at BS&N. Each ownership structure has different taxation and estate implications depending on the circumstances.

We will discuss and understand your goals before making a recommendation. At BS&N, we explain to you in easy-to-understand terms what the best structure options are including all implications.

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MOST COMMON OWNERSHIP STRUCTURES

The simplest and most common ownership structures include:

  • Individual ownership where ownership is held under the owner’s name.
  • Couples who own residential property usually become Joint Tenants under their own names. If one dies, their share of the property automatically passes to the other.
  • Tenants in Common is often used for investment properties so owners can control who receives their share of the property should they die.

DETAILED OWNERSHIP STRUCTURES

More detailed ownership structures include:

  • Partnerships – a relatively simple and low-cost structure with some risk if there is a claim against one of the partners.
  • Companies – advantageous in some circumstances, but much more complex and can include higher costs.

TRUSTS

Trusts help protect assets and can be used to distribute profits in a tax effective way. The main types of trusts include:

  • Discretionary trusts – typically the most tax effective.
  • Unit trusts – often used when unrelated parties are in business together.
  • Hybrid trusts – a combination of Discretionary and Unit trusts often used as a good tax management tool.
  • Superannuation funds can also be used to own property and can attract a low tax rate.

The legal team you want on your side.

LOCATION & CONTACTS

Mon – Fri: 9:00am – 5:30pm

Phone: 02 6362 2022

Address: 64 McNamara Street
(PO Box 1070)
Orange NSW 2800