Reducing your tax with a Self Managed Superfund and Property purchase.
Welcome to the first blog of the year 2010.
Last year was an eventful one with lots of changes at Tan and Tan Lawyers.
I was able to set up a self managed super fund for investment purposes. This was achieved with the help of my financial planner, Paula Garnham, my accountants and my business mentor.
Paula was instrumental in helping me to set up the fund and eventually selling my current office to the self managed super fund.
The sweetest deal was the fact that I paid $20 nominal stamp duty to transfer my office from my name to my self managed super fund.
I have used the proceeds of sale to now purchase a new office at Terrace Rd, Perth.
The Terrace Rd property is now in the process of renovations and I am all excited about the eventual move.
I would like to invite my readers to listen to the podcast I made with Paula regarding self managed super funds.
I am sure you will find the podcast interesting and it will definitely save you some tax dollars.
It is also the Chinese New Year today and for the next 12 days.
We managed to get the Lion Dancers at the current office as our usual custom.