How does the Federal 2024 Budget impact investors?
Navigating the 2024 Federal Budget: Impacts on Real Estate Investment
The 2024 Federal Budget has introduced several key changes stirring discussions among real estate investors and developers. Notable among these changes is the increase in the capital gains inclusion rate, which could significantly affect property sales and investment strategies by June 2024. This adjustment, from 1/2 to 2/3, may incentivize short-term dispositions but complicates long-term investment and tax compliance. Additionally, modifications to the Lifetime Capital Gains Exemption and new incentives for purpose-built rentals and technology investments could reshape investment landscapes. For a detailed analysis and strategic adaptation, contact Westcliff’s expert team.
Should I hold my Real Estate in an Investment Corporation?
To Incorporate or Not? The Real Estate Investment Dilemma
Real estate investors often grapple with the decision of whether to set up a separate real estate investment corporation or to hold assets personally. This decision hinges on several factors including the level of involvement desired, the size and longevity of the investment portfolio, and the nature of co-investors. Whether you prefer active engagement or a more passive role can greatly influence the appropriate investment structure. Further complexities arise when considering tax implications and investment scalability. At Westcliff, we specialize in crafting tailored, tax-efficient investment strategies that meet your specific needs and circumstances. Contact us for a detailed consultation that aligns with your investment goals.